Thursday, 3 December 2015
Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015; In Committee
Again, there is no point at all in articulating the cases that have already been articulated, I think quite extensively, but I want to explain what it is that this amendment will be doing and why the Labor Party will be voting against this amendment. This is the amendment that will, in effect, replace what we have been insisting on—which is the $100 million threshold—with the $200 million threshold. This changes the question that is going to be before us. This is the sell-out. This is the cop-out. We have discussed the reasons why we will be opposing it. I just want to make it very clear that that is what this amendment does, and that is why the Labor Party will not be supporting it.