Senate debates

Monday, 26 March 2018

Questions without Notice

Taxation

2:47 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I'll tell you why it's fair—I agree with what the shadow Treasurer, Chris Bowen, said when, as the Romans would say, in tempore non suspecto: before we got into the suspicious times of you playing politics. This is what Chris Bowen said on 22 September 2015:

Shadow Treasurer Chris Bowen says Labor accepts that company tax falls hardest on workers rather than wealthy shareholders, and aims for a 25 per cent company tax rate to spur economic growth.

The reason we are pursuing this reform is that we care about the working families of Australia. We care about their future job opportunities. We care about their future career prospects. We want Australians today, as well as their children and grandchildren, to be able to pursue a career here in Australia. If we make it harder for them to be successful because we impose higher taxes here than are imposed on their competitors in other parts of the world, we will shift investment and jobs overseas and it will be on your head.

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