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

I thank the honourable member for his question. My government is cracking down on multinational tax avoidance in a manner that has no precedent. Our multinational tax avoidance legislation went through at the end of 2015. The Labor Party voted against it. Can you believe that? They did not want multinationals to have to pay all the tax they should. The diverted profits tax, which I will ask the Treasurer to speak about now, is one of the most far-reaching multinational tax avoidance measures in any comparable country. It is a bold move, which will look into the affairs of multinational companies and make sure that they pay their tax.

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