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

in making sure that companies that are earn profits in Australia pay tax in Australia. The Australian people deserve no less. As I have been saying for two years, as we said at the G20 and as we said even before that, it is patently unfair when a small-business person or a worker in Australia has to pay tax but a multinational that earns money here does not pay tax. And that is why in the budget I announced a new proposal, multinational anti-avoidance laws, to ensnare the companies that are running money right around the world, including to the tax havens identified by the shadow Assistant Treasurer. That is why we identified it. We consulted and introduced the legislation today.

Dr Chalmers interjecting—

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