Senate debates

Tuesday, 10 February 2015

Bills

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

12:42 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Senator Carr, it is a matter for individual businesses how they organise their corporate structures. You know the sorts of businesses that we are talking about here: the BHPs, the banks and the Rio Tintos. And here we have the Greens and Senator Milne fighting for bigger tax breaks for the big resources companies, the big banks and big oil and gas. That is what the Greens are doing. We have Senator Milne out there fighting for a tax refund for big oil. That is the Greens in 2014—quite extraordinary, really, and quite unbelievable. The hypocrisy is breathtaking. But the point here is that it is a matter for individual businesses how they structure their corporate affairs. That is not a matter for the government.

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