Andrew Leigh (Fraser, Australian Labor Party, Shadow Assistant Treasurer) Share this | Hansard source

I rise to speak on the Tax Laws Amendment (Research and Development) Bill 2013, to outline to the House the opposition's view on this important piece of legislation. When it was suggested by the Labor Party that we might be able to identify a targeted saving from restricting the research and development tax credit by excluding companies with a turnover of more than $20 billion, those opposite cried foul. This, they said, was another outrageous attack on business. They swore black and blue, with the member for Indi leading the charge as she held the industry portfolio, that this was bad policy and would not be supported by the coalition. That was back in February. Now here we are in December with the coalition putting forward this very same savings measure. But there is a key difference here, between now and February—

See this speech in context