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Fact checking Clive Palmer’s claims reveals a few porky pies

Clive Palmer’s $50 million election campaign has been riddled with falsehoods and misleading claims about his and his opponents’ policies, a new analysis reveals.

Clive Palmer – The bizarre $50 million federal election campaign

CLIVE Palmer’s $50 million election campaign has been riddled with falsehoods and misleading claims about his and his opponents’ policies, analysis of his statements reveal.

A frequently published claim by the billionaire is that the Liberal and Labor are not offering tax cuts until 2024.

But both parties are offering tax offsets of up to $1080 from July.

The Coalition is then promising to make further changes to the tax system, by changing income tax bracket thresholds, in 2022 and 2024.

Mr Palmer has claimed the Labor party will increase taxes by $1 trillion.

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But Labor party costings show there will be an increase in tax revenue of $154 billion over a decade through abolishing negative gearing, halving capital gains tax and cracking down on trusts superannuation concessions and multinationals.

There will be a further $285 billion saved by not proceeding with the Coalition’s proposed tax plans in 2022 and 2024, but it is not an additional tax.

United Australia Party advertising has claimed the party stands for “true gender equality in our society”.

Just 36 of the 151 UAP candidates are women, or less than less than a quarter.

United Australia Party leader Clive Palmer has made false and misleading statements during the election campaign so far. Picture: AAP Image/Rebecca Le May
United Australia Party leader Clive Palmer has made false and misleading statements during the election campaign so far. Picture: AAP Image/Rebecca Le May

He also claimed that the nation’s pastoral land was being sold to foreign powers and Chinese Government owned investment companies had increased their stake on agricultural land 10-fold.

But government records show foreign ownership of Australian agricultural land remains steady at 13.4 per cent, compared to 13.6 per cent the previous year.

Of that, the UK owns more agricultural land in Australia than China.

China has increased the amount of land it has invested in from 1.4 million in 2016 to Ha to 9.1 million Ha now, a 6.5 times increase, which equates to a 2.5 per cent stake in agricultural land.

The partial sale of S Kidman Co to Australian Outback Beef, of is 33 per cent owned by Chinese investors, contributed to this sudden increase in 2017.

Meanwhile, Mr Palmer is receiving about $240 million a year from Chinese business partners Citic Pacific, after a court win over a royalties dispute.

A spokesman for Mr Palmer did not return calls or requests for comment.

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Original URL: https://www.couriermail.com.au/news/queensland/queensland-government/fact-checking-clive-palmers-claims-reveals-a-few-porky-pies/news-story/c03b16386acf94c31590c0b326bb85ac