Senate debates

Tuesday, 23 February 2016

Bills

Tax Laws Amendment (Implementation of the Common Reporting Standard) Bill 2015; In Committee

7:18 pm

Photo of Sam DastyariSam Dastyari (NSW, Australian Labor Party) Share this | Hansard source

Thank you for that, Minister Birmingham. It is very positive to hear that the opposition amendments that have been foreshadowed but not yet moved have a decent chance of government support. Again, I think it is quite effective when there is a bipartisan approach to and bipartisan support for these matters.

I want to note the work of the Senate Economics References Committee, which I chaired and which Senator Ketter now chairs, in this space. I think it has been really important to have that public debate raising a lot of this information. There is a lot more transparency and people understand what really goes on with multinational tax minimisation, or avoidance, or whatever you want to call it. The reality is that every dollar 'minimised' is a dollar that is not going to a hospital, to a school or to a service that is required. That is why it is so important that we get the legislative framework right: so that we can tackle this increasing issue.

Progress reported.

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