Senate debates

Tuesday, 10 February 2015

Bills

Tax Laws Amendment (Research and Development) Bill 2013; In Committee

1:40 pm

Photo of Kim CarrKim Carr (Victoria, Australian Labor Party, Shadow Minister Assisting the Leader for Science) Share this | Hansard source

That is what you said. You said: '…will remain the same—they will pay the same tax. The reductions won't occur.' If I have misunderstood you, I am sure you will be only too happy to correct the record. Perhaps you can do that. Maybe that is one question you can answer, since you are so short on answers for everything else. But that is clearly what I understood you to be saying—that large companies will still be paying the same rate of tax.

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