House debates

Tuesday, 18 August 2009

Questions without Notice

Taxation

2:36 pm

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

I withdraw. As the Prime Minister and I have indicated today, this is a comprehensive review. The Henry review is having a look, root and branch, at all of the issues in the taxation system except two—the GST and tax-free super were ruled out. This is because it is a comprehensive review. No fear campaign from those opposite is going to lessen the determination of the government to receive that report, which is being conducted independently via a panel. We will examine it and we will take forward policy proposals in the interest of this nation. That is what we will do.

As you have demonstrated with the bank guarantee and the economic stimulus, you are absolutely incapable of coming to grips with the fundamental economic challenges this country faces in the short term, the medium term and the long term. You have demonstrated it on climate change; you demonstrated it when it came to economic stimulus. You do not understand the stability of the financial system and you are incapable of dealing with contemporary challenges.

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