Senate debates

Wednesday, 8 November 2023


Treasury; Order for the Production of Documents

4:55 pm

Photo of Jenny McAllisterJenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

The Albanese government wishes to ensure that multinationals pay their fair share of tax in Australia. We're improving compliance, closing tax loopholes and enhancing transparency to ensure that there's money for the services that Australians expect and to level the playing field for Australian small businesses. Australians rightly expect that all taxpayers, from the largest multinationals to individuals, pay their fair share of tax, and we're consulting with industry and across the community on how we target tax avoidance without constraining legitimate commercial arrangements. We've been grateful for the engagement of industry in providing meaningful feedback on the principles, plans and draft legislation, and we want to arrive at an end point that balances compliance with public expectations that our multinational tax settings are fair and effective.


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