Senate debates Questions without Notice

Financial Transactions Tax


Jacqui Lambie

Jacqui Lambie Tasmania, Independent

2:43 pm

Mr President, I ask a further supplementary question. I bring to the attention of the minister a report from the Australia Institute, which claims that if a financial transactions tax were only levied on a high-frequency share and stock traders who skim profits it would conservatively raise between $1 billion and $1.4 billion while saving mum-and-dad investors about $2 billion. If this is accurate, will the minister give an undertaking to introduce this tax and dedicate its income to boosting our veterans and age pensions?

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