House debates

Thursday, 14 March 2013

Bills

Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Bill 2013; Second Reading

1:24 pm

Photo of Andrew LeighAndrew Leigh (Fraser, Australian Labor Party) Share this | Hansard source

I did look over because I thought briefly that the interjection might be the member for Wright turning up to this debate to explain where he was when we had the parliamentary hearing that was scheduled. But let me continue.

The bill before the House ensures that we protect revenue, because if we do not protect revenue then we get into the problem the coalition find themselves in. The problem the coalition find themselves in is a massive costings gap. That is because, if you are a special interest, the coalition welcomes you with open arms, but, if you are a struggling Australian family, the coalition puts up their hand. They want to cut the schoolkids bonus, which is $410 for primary school children and $820 for secondary school children. They want to take that away. They want to increase taxes on low-income Australians by bringing down the tripling of the tax-free threshold. They want to cut pensions, because they have to do that once they have gotten rid of the carbon price, that most efficient way of dealing with dangerous climate change.

This bill is part of a set of Labor reforms concentrating on making sure our tax system is as fair as possible. On this side of the House we will not be driven by special interest. We will be driven by the Australian national interest. We will be focused, like a laser beam, on the interests of Australians and on making sure our tax system is fair and equitable. (Time expired)

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