Kevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

I welcome this question from the member for North Sydney on the impact of taxation policy on Australian companies. There is a fundamental difference here: we intend to take the Australian company rate down two percentage points; you propose to take the company rate up two percentage points. That is the basic difference. I could not see a more basic difference. But, of course, I note the member for North Sydney—and I refer the him to the answer I gave the Leader of the Opposition in my last question—has also referred again to share market performance. I will not go to the member for Dickson again, but I notice he is performing well: when he bought in it was $38.53; it is now up to $39.97. He has scored a neat 100 bucks in only one month’s work, and that is what has happened since before the introduction of this tax.

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