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

I thank the shadow Treasurer for his question because it is very welcome. This is a very important topic for the national parliament to talk about. I wonder whether the shadow Treasurer stands by his statements that the mining industry has been taxed too high, or does he stand by all of his statements of last year that there should not be more taxation on the mining industry? Those on that side of the House have egg all over their faces, for one very simple reason: they have argued in this House that the mining companies pay too much tax, and now that the Western Australian Liberals want to increase their royalties they say that is just fine and dandy. The fact is that we on this side of the House stand for putting in place a decent resource taxation system which will provide funding to reduce taxes for companies—

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