Senate debates

Thursday, 22 March 2018

Questions without Notice

Taxation

3:03 pm

Photo of Marise PayneMarise Payne (NSW, Liberal Party, Minister for Defence) Share this | Hansard source

It happens that I am aware of risks, unfortunately, and they come in the form of those sitting opposite: the Australian Labor Party. They're standing in the way of company tax cuts, which means that they're standing in the way of more jobs and more investment in Australia.

But it's not just their opposition to the government's tax plan that poses a risk to our global reputation as an investment destination; it's their absolute policy inconsistency. I don't often quote Mr Shorten, but let me have a go at this one from the Leader of the Opposition, who said:

Reducing the corporate tax rate … sees more capital flowing into our domestic economy, which will then flow on to workers in the form of higher wages - thereby improving standards of living.

We all know that investors look for certainty, and the only thing that is certain about the Australian Labor Party is that they do not have a plan for jobs in this country.

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