Jim Chalmers (Rankin, Australian Labor Party, Treasurer) | Hansard source

So, as I was saying, on reasonable assumptions, at a 5.1 per cent rate of return, S&P/ASX 200, the tax rate is 21.4 per cent, for example. That is lower than the UK's, at 24 per cent. It's lower than Germany's, 26 to 28 per cent. It's lower than in France, 34 to 35 per cent. It's lower than Ireland's, 33 per cent. It's lower than in the Netherlands, 36 per cent. It's lower than Denmark's, 42 per cent, and also lower than—not a country—California, which is the tech capital of the world.

We know what's really going on here. Those opposite had the opportunity to vote to make it easier for first home buyers and to cut taxes for workers and they voted against both of those things. Whether it's this right-wing party or that right-wing party or that right wing party, they are all the same. Whenever they're given the opportunity to vote in the interests of working people, young people or first home buyers, they vote directly against the interests of those Australians, while we are proud to support them.

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