Senate debates

Friday, 12 June 2020

Bills

Treasury Laws Amendment (2019 Measures No. 3) Bill 2019; In Committee

11:12 am

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology) Share this | Hansard source

Thank you, Senator Whish-Wilson. I reiterate my earlier answer that the government will respond to that Senate economics committee in a fulsome manner at another time. I think it would be very difficult for both Senator Whish-Wilson and Senator Patrick to deny that this government has done more than any other to ensure that everyone is paying the right amount of tax and taken more action than any previous government to close loopholes and ensure the ATO has the tools and resources that it needs to deter tax avoidance. With the Greens' and Centre Alliance's support, the Tax Avoidance Taskforce was set up in July 2016. The ATO had their resources increased dramatically, by $679 million over four years, specifically to target anti-avoidance activities by domestic and multinational enterprises, Australian public and private groups and wealthy individuals operating in Australia. I can also inform the Senate that, as of 30 April this year, the taskforce has 44 audits underway, covering 42 multinationals.

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