House debates Questions without Notice

Budget

Tuesday, 15 June 2010 House of Representatives

Kevin Rudd

Kevin Rudd Griffith, Australian Labor Party, Prime Minister

3:07 pm

The question goes to impacts arising from the government’s tax proposal on employment in regions of Australia where companies are located. What I am seeking to do is respond by saying: the impact of the government’s tax reform plan, first of all, goes to the company tax rate, which we are bringing down by two percentage points—and the Leader of the Opposition is actually increasing by two percentage points. Secondly, for the small businesses in Cloncurry, they would all obtain a tax break in terms of $5,000 worth of assets purchased in a given year. On top of that again—

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