Senate debates

Tuesday, 24 March 2015

Questions without Notice

Financial Transactions Tax

2:44 pm

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

I am aware of the Australia Institute. They are, indeed, an active participant in public policy debates across Australia. I am very confident that they will be making a submission to our tax white paper review process when it is initiated very soon. But, again, I would put a bit of a caution out there. Our objective ought to be to raise the necessary revenue for government—as little as possible but as much as necessary—in the most efficient way possible, so we can continue to grow the economy to its full potential, so we can continue to create better opportunities for people across Australia to get ahead and so we can continue to ensure that future generations, our children and grandchildren, can have the best possible opportunity to enjoy the same, if not better, living standards than those that are enjoyed by us today.

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