Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

That was a very revealing question. The honourable member described a proposed cut in company tax as a taxpayer funded handout for business. That is the view of the Labor Party. They believe that the profits of every business in Australia basically belong to the government and that anything that is left after tax is a handout from the government. I can tell you that we do not take that view. We take the view that the profits of Australian businesses, whether they are small businesses, mum and dad businesses or big companies, have been earned by the investments and the hard work of the team behind them. When we tax them, we tax them and should tax them no more than we need to do to meet the requirements of government—and that is consistent with delivering the growth and employment that we need.

Dr Leigh interjecting—

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