David Bradbury (Lindsay, Australian Labor Party, Assistant Treasurer ) Share this | Hansard source

Thank you to the member for his question. The question goes to matters that will be the subject of the budget this evening. Of course, I make the point that this is a government that regularly engages in consultation with all relevant stakeholders. It might come as a surprise to some on the other side, but that is a very reasonable way to engage in a systematic process of policy review.

The question goes very directly to the question of profit-shifting activities. This has been an area that I have spoken about at length. The government has absolutely no time for multinational enterprises that are engaged in profit-shifting activity—and, indeed, this is a debate that has been occurring not just in this country but all around the world.

I do make the point that, when it comes to cracking down on loopholes and protecting the corporate tax base, this government has taken some very, very strenuous measures in order to protect the revenue base. In doing so, I make the point that we have put in place measures, or brought measures into the parliament, that have sought to protect the revenue to the tune of $11 billion.

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