Senate debates

Wednesday, 11 November 2015

Bills

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

12:38 pm

Photo of Peter Whish-WilsonPeter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

Perhaps I can have a crack at answering the question that you refuse to answer, Minister. The answer to the question, I think—and I am happy for you to correct the record—is that a group of very influential and wealthy people in this country lobbied the Liberal Party to have Australian corporations and individuals exempt from these laws. How is it that, six days after a Senate inquiry is announced into these laws, a front group gets it up in this country to help shield wealthy individuals and companies over $100 million from disclosing their laws—laws we have kept in place for foreign companies, but we have now exempted Australian companies. I think you have been lobbied quite hard—who knows, potentially by some of your donors—and that you have changed this law to suit them. I can see no public good reason why you would exempt Australian companies from these laws and keep the same laws for foreign corporations. We have heard no reason as to why this is in the public good.

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