Senate debates

Wednesday, 11 November 2015

Bills

Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015; In Committee

12:31 pm

Photo of Michaelia CashMichaelia Cash (WA, Liberal Party, Minister for Women) Share this | Hansard source

I would remind Senator Bilyk that Labor is supporting this bill. Do not get too excited in your arguments against it. As has been stated several times in this debate—and perhaps if those on the other side had a little more experience in the real world of business they would understand—the government introduced the amendment that we are all referring to because publication of the taxation information of these particular companies would have, effectively, disclosed the owners' financial affairs and posed a risk to their position in the market by making key economic information available to their competitors and their suppliers.

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