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

That is of course a complete misrepresentation of what that extract means. Senator Wong knows that companies in Australia have to pay their tax. Senator Wong knows that this government, not with any help from the Labor Party, has taken very strong action to ensure that all businesses in Australia pay their fair share of tax consistent with our laws. Our anti-avoidance provisions are some of the strongest in the world. What this particular extract refers to is some additional transparency measures, as developed by the Board of Taxation, in the form of the transparency code. This is a very specific additional commitment to additional transparency. As Senator Wong knows, that document has no status. It's not a document that was released by the Business Council of Australia. I think Senator Wong might know— (Time expired)