Ian Macfarlane (Groom, Liberal Party, Shadow Minister for Infrastructure and Water) Share this | Hansard source

My question is to the Prime Minister. I refer the Prime Minister to this letter from Wesfarmers, Australia’s largest private sector employer with more than 200,000 staff and in excess of 500,000 shareholders. The letter warns ‘the proposed new super profits tax would not only make Australia less competitive in the global resources industry but also have significant flow-on effects for the broader economy and society’ and ‘is clearly a threat to the level of dividend we’—that is, Wesfarmers—‘can pay’. When will the Prime Minister back down from this bad tax policy that will damage the income of 8½ million superannuation holders in Australia?

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