Nick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

Thank you, Senator Feeney, for the question. As I said in answer to an earlier question, there is only one tax policy that the Liberal and National parties have, and that is to increase company tax. Their one and only tax policy is to increase company tax from 30c to almost 32c. They have no policy to reduce company tax, very obviously. They have no policy to assist small business. They have no policy to reduce tax on small business. They have no policy to reduce tax on superannuation—none whatsoever. Their only tax policy is to increase company tax and to ensure that the broader Australian economy is less competitive than other advanced economies. It will be less competitive than other advanced economies because they intend—they proudly boast of their parental leave policy—to raise billions of dollars by increasing company tax. (Time expired)