Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

You would think that those who have gasbagged about this for so long would have supported that legislation. They voted against it. They voted against laws in this place to make multinationals pay their fair share of tax. It was legislation that was to double the penalty, and it has done that. This went into force on 1 January, despite the fact that those opposite voted against new laws in this country that crack down on multinational tax avoidance. The reason for that is that the shadow Assistant Treasurer wants to follow his pet project of some system which is going to punish overseas investors for investing in infrastructure in this country and that Treasury advises the government is a bad idea that will cost jobs and prevent growth.

We worked with international organisations for years, we got ahead of the curve and we put legislation through this parliament to make sure multinationals pay fair tax in this country. As a result, the 30 companies we were looking at last year have now grown to 80.

Dr Leigh interjecting—

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