Joel Fitzgibbon (Hunter, Australian Labor Party, Shadow Assistant Treasurer and Revenue) Share this | Hansard source

My question is addressed to the Assistant Treasurer and Minister for Revenue and I warmly welcome him to the portfolio. I refer him to recent admissions in the Cole inquiry that AWB claimed tax deductions for kickbacks paid to the former Saddam Hussein regime. Minister, would the government now support Labor’s proposal to remove the loophole in the tax law—a proposal that, I should say, is consistent with OECD recommendations—so that large AWB type bribes could no longer be claimed as tax deductible facilitation payments?

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