Senate debates Bills

Tax Laws Amendment (Research and Development) Bill 2013; In Committee


Kim Carr

Kim Carr Victoria, Australian Labor Party, Shadow Minister Assisting the Leader for Science

1:30 pm

Minister, is it the government's intention to reduce the company tax rate by 1.5 per cent?

Senator Cormann interjecting—

It is a very relevant issue, because the original rationale that the government used for the reduction in the R&D tax concession was the proposition that the reduction in the company tax rate would mean that it would legitimise the reduction in the R&D tax concession.

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