Luke Howarth (Petrie, Liberal Party) Share this | Hansard source

Almost. The fact is they all have the same company tax rate, and it is the same as ours. But if you look at all other countries, what the United States are doing with their company tax rate is talking about lowering it to 15 per cent. Britain has lowered it down to 20 per cent. The United Kingdom has a 20 per cent company tax rate and are soon lowering it to 17 per cent to be in line with Singapore.

We know what those opposite think, but do you people in the gallery really think a business is going to base themselves in Australia and pay 30 per cent company tax when the US is about to drop it to 15 per cent, the United Kingdom is about to drop it to 17 per cent and Singapore has it at 17 per cent? They talk about jobs, but we are going to see jobs go out the door and continue to go out the door if they do not just do what the opposition leader said not long ago.

Let me remind you again, for those in the gallery. I do not know if you were all here. This is Bill Shorten—

See this speech in context