Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

I thank the member for his question because it gives me the opportunity to run through what this government has been doing when it comes to tax. With regard to combating multinational tax avoidance, it was this government that brought that legislation into this House, and it was that opposition who voted against it. They are the ones who voted against cracking down on multinational tax avoidance, and they are the ones who have gone out there all hairy chested and hairy chinned to say how they oppose our position on strengthening competition laws—and I wonder who they are doing that in favour of.

In addition to that, there were measures in last year's budget, of course, to increase the instant asset write-off for small business, which was an important change. That is what we have done for small business. In addition to that, we have acted in this parliament to put in place tax incentives for angel investors—there was $106 million brought into this House just this week. In addition to that, as part of other measures, farm management deposits will double the deposit limit to $800,000 a year. These are the sorts of changes that we have been putting in place. Of course, in addition to these measures we have reversed the carbon tax of those opposite. We have reversed the mining tax.

Ms Owens interjecting—

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