House debates

Thursday, 15 May 2008

Questions without Notice

Budget

3:15 pm

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

This is not a new tax. This is the closing of a loophole which has given some people a very considerable advantage over others. When an ordinary punter wants to go out from work and buy a coffee, they pay for it in after-tax income, but through this loophole, which has been exploited, through salary sacrifice some people have been getting their lunch tax free. That is what they have been doing. It has been a loophole that has been exploited for a long time and we are not ashamed to close it.

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