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

I was just addressing personal income tax and company tax and now have moved on to GST. Over the forward estimates, a total of $6.5 billion of additional GST revenues will be raised to pay for schools, hospitals and roads in all of the states and territories as a result of the government's integrity measures. So we do believe in lower taxes. We know that because it encourages investment and employment. It encourages more jobs and higher wages, all the very cogent arguments the Leader of the Opposition used to address on this subject before he did a backflip and abandoned economic common sense.

But what we are doing is ensuring that everybody pays their tax. We're cracking down on multinationals and tax avoidance in a more resolute and comprehensive fashion than any previous government and we're seeing very substantial revenues accruing to the federal budget and, through the GST, directly to the states and territories.

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