Senate debates

Thursday, 3 December 2015

Business

Rearrangement

9:42 am

Photo of Richard Di NataleRichard Di Natale (Victoria, Australian Greens) Share this | Hansard source

The easiest thing to do is to shout from the sidelines, not demonstrate any responsibility and be on the fringes of politics. That is where the Labor Party are right now. We have a choice. The choice is simple: we either get nothing or we get significant strides forward when it comes to combatting multinational tax avoidance. It is a simple equation. It is a straightforward equation. This legislation would not have passed the parliament today. As a consequence of that, the multinationals with a turnover of over a billion dollars would not be publishing the amount of tax that they pay. What we would see is private companies with a turnover of over $200 million not having to publish the amount of tax that they pay and, as a consequence of legislation now coming before the parliament, we are going to see, for the first time in this country, significant steps forward when it comes to multinational tax transparency. The insider nonsense that goes on in this place—

Opposition senators interjecting—

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