Senate debates

Tuesday, 24 March 2015

Questions without Notice

Financial Transactions Tax

2:41 pm

Photo of Jacqui LambieJacqui Lambie (Tasmania, Independent) Share this | Hansard source

Mr President, I ask a supplementary question. I note that the minister still prefers to target pensioners for tax increases rather than his mates in big business. Is the finance minister aware of a particular type of financing trading company which is usually co-located in or near stock exchanges that, by the use of super-computers and sophisticated software, are able to skim billions in profits from ordinary retail investors? If so, would the minister agree that this sort of company using high-frequency trades would be a good candidate for a financial transactions tax?

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