Tony Abbott (Warringah, Liberal Party, Prime Minister) Share this | Hansard source

They did not pursue that legislation in government because they were monumentally incompetent. We are pursuing that legislation and members opposite are now opposing us. There is $1.1 billion of tax revenue that we could get by closing this R&D tax loophole which is being exploited by large foreign multinationals, and what are members opposite doing—are they supporting us? No, they are not; they are opposing us. It just goes to show that, when it comes to managing the economy, you just cannot trust the Labor Party.

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