Senate debates

Thursday, 28 June 2018

Questions without Notice

Taxation

2:19 pm

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

I can reassure the honourable senator I will take on notice whether my office—I certainly haven't heard of a BCA front group, but I will consult my office.

This is what the BCA said today:

Ultimately, we need the Parliament to adopt the common-sense and fiscally responsible policy to gradually reduce the company tax rate by five percentage points over a decade.

Every day we delay this we are handing opportunities to other countries—who are cutting their taxes—to get ahead, attract investment and create jobs.

We need to put Australian workers first by ensuring Australia has a competitive company tax rate that allows all businesses—small, medium and large—to invest, expand, create jobs and deliver higher—

wages. I couldn't have put it better myself! I commend this press release by the Business Council to the honourable senator from New South Wales—an equally great state. Senator Keneally, I encourage you to read it very carefully. Indeed, I encourage my friends on the crossbench to have a very good look—

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