Senate debates

Tuesday, 30 September 2014

Questions without Notice

Taxation

2:31 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

The point here is that, unless the Labor Party and the Greens want to change the law and say that we now tax cash flows rather than profits and that we can no longer deduct the business costs, the cost of generating the revenue, before we impose company tax, the assertion that is made is, quite frankly, quite offensive.

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