Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. Yesterday the Treasurer in this place declared the effective tax rate for the mining industry at the moment to be 17 per cent, and he said that on eight separate occasions. That was based on a flawed US university graduate paper. I draw the Treasurer’s attention to his own economic note of 9 May in a table on page 3, which states the current effective tax rate is up to 45 per cent; between 35 and 45 per cent. Treasurer, which of the figures is correct? Is it what you advised the House yesterday of an effective tax rate of 17 per cent, or is it what is in your own publication—an effective tax rate of 45 per cent?

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