Senate debates

Tuesday, 27 March 2018

Questions without Notice

Taxation

2:54 pm

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

The ignorant Senator Watt says that they pay no tax. They made $3 billion worth of losses, and you don't pay tax when you make a loss. What Labor doesn't understand is that investment decisions today are based on your expectations of future opportunity to make a profit.

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