Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

Again, the honourable member demonstrates how little he understands of the way in which markets are connected. Imagine the situation of an entrepreneur. We all recognise that our most valuable capital is our human capital. And human capital is mobile; our smartest people and the world's smartest people can live anywhere they like. So as we are trying to attract talent back from Silicon Valley, as we are trying to bring the smartest people to work in Australia and invest in Australia, we are saying, 'Come and live here. This is a great environment. Look at our National Innovation and Science Agenda. Look at all these opportunities for collaboration with universities.' What the Labor Party is saying is, 'Oh and by the way, if you do come here and start a business, and you do make some money and you do invest, you'll pay the highest capital gains tax in the world.'

Mr Brendan O'Connor interjecting—

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