Joel Fitzgibbon (Hunter, Australian Labor Party, Shadow Assistant Treasurer and Revenue) Share this | Hansard source

My question is also to the Treasurer. I refer him to the AWB’s $290 million kickback to the former Iraqi regime, a payment which was claimed as a tax deduction on his watch, and therefore was subsidised by the taxpayer to the tune of some $90 million. Is the Treasurer aware that, despite the fact that the taxation commissioner has now backed Labor’s claim that the tax act is in need of amendment, his Assistant Treasurer rejected Labor’s amendment to align the tax act with the Criminal Code when I moved it in this place on 27 February? Treasurer, will you now adopt Labor’s plan to ensure that no AWB style bribes can be claimed as a tax deduction in the future, or will you continue to support taxpayer subsidies for illegal bribes?

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