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

This is Treasury advice. The Labor Party proposal in relation to multinationals would cost jobs and it would deter economic activity and it may well cause the multinationals to move overseas at a penalty to Australia. From our perspective, we want jobs and we want growth. We want the multinationals to pay their fair share of tax. We make no apologies whatsoever for introducing world-leading legislation and we will continue to pursue the case that people that earn profits in Australia must pay tax in Australia. (Time expired)

See this speech in context