Senate debates

Monday, 1 December 2008

Tax Laws Amendment (2008 Measures No. 5) Bill 2008

In Committee

9:43 pm

Photo of Ron BoswellRon Boswell (Queensland, National Party) Share this | Hansard source

I have been listening to this debate because I am particularly interested in it. I do not have the expertise of being an accountant. In fact, I am a seller of paintbrushes. That is where I made my living for 25 years. Listening to this debate, I am getting more and more concerned about it. I was concerned about the fact that there would be an explosion in planting trees by getting a tax break on carbon sinks. That is one thing to be very concerned about. But, if in fact you are going to get depreciation on the land, this will take off like a bushfire and we will have carbon sinks wall to wall from the east to the west.

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