House debates

Monday, 3 June 2013

Distinguished Visitors

5:29 pm

Photo of David BradburyDavid Bradbury (Lindsay, Australian Labor Party, Assistant Treasurer ) Share this | Hansard source

I thank the member for Robertson for her questions and note the wide-ranging nature of her contribution. I will try and address as many of the elements of what she has raised there as I can. Obviously, we are very proud of the record that we have when it comes to tax reform. It is often said erroneously that we have not picked up the cudgels when it comes to the Henry reforms, but it is worth noting that more than 40 of the measures proposed by the Henry review have been implemented or are in the process of being implemented.

Of course, when it comes to tax, we think it is important to ensure that, in particular, those large and profitable multinationals that are not paying their fair share of tax are required to pay their fair share. That is why I spoke earlier about the corporate tax integrity package. But equally we think it is important to lower the tax burden on small business. That is why we have put in place the instant asset write-off, which has been a significant development for small businesses. In fact, I see the member for Corangamite here in the chamber. I had the opportunity to visit his electorate with him and to talk to a cafe owner at a beautiful spot down at—


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