Kevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

I say to the Leader of the Opposition and the member for North Sydney that of course share markets go up and down; but, insofar as we have seen developments over the last month, I think they point to a certain distinction between fact and fear. We are trading in the business of what actually is the factual impact of the proposed taxation regime we have put forth on the future of the Australian company sector, and that is to bring down the company rate by two percentage points. You propose to take it up two percentage points. We proposed to bring in tax breaks for small business—all 2.4 million of them. You propose to rip those tax breaks away. I could not see a more fundamental distinction between what we stand for on tax reform for Australian companies and what you stand for on tax nonreform for Australian companies.

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