Senate debates

Wednesday, 11 November 2015

Bills

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

9:53 am

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

I find that really hard to believe. This was about to become law—in fact it had already become law, but we had seen no disclosure around it—and you put up a bill to create an exemption, unfortunately passed by the Senate, that effectively shielded privately owned companies from increased transparency. That is all we were asking for. I find it hard to believe that that is something that you, the coalition, decided was necessary for the public interest—and I underline the words 'public interest'. Someone must have lobbied the government or Liberal MPs to bring in this exemption. I find it hard to believe that you suddenly woke up one morning and, while shaving and looking in the mirror, decided this was a good exemption to bring to the Senate. All of us in here are a bit smarter than that and we know how it works. Which wealthy individual or business—or which front companies for wealthy individuals—lobbied the government. We know they have astroturfed our Senate recommendation. Unfortunately, to our detriment, we let that happen. But who lobbied you to bring this in, Minister?

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