Julia Banks (Chisholm, Liberal Party) Share this | Hansard source

They go somewhere else. And what happens here? Factories and workplaces in Australia will shut down and businesses will take their work somewhere else. And guess what that means? No jobs for Australians. Anyone who has ever worked in business, or who works in business, understands this. Whether they work on the production line or in the office, they all feel the pain when businesses take their business elsewhere.

The Turnbull government's tax plan is a measured and constructive plan designed to drive jobs, growth and investment throughout Australia. Cutting the company tax rate to 25 per cent by 2026-27 and easing the tax burden on small businesses are central parts of the plan to keep the factories here, the offices here and the sales here. And that means to keep the jobs here. Fundamentally, these Turnbull government reforms will drive employment and wage growth, which will support ordinary Australians and Australian households. Australian workers will benefit from greater business investment and be able to become more productive.

Former Prime Ministers and Treasurers in this place, across both sides of politics, have advocated a cut in company tax because they know that a competitive tax system is necessary to drive economic growth, lift wages and create new jobs. It is about time that those on the other side stopped their antibusiness sentiment, stopped their politicking approach and agreed to the implementation of a plan that will benefit all Australians, create jobs for Australians and create a future for generations of Australians to come.

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