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

The Leader of the Opposition thinks he can get away with this consistent misrepresentation of everything. He will not stick to a promise. There is not a word that he will not break. There is not a statement that he will not misrepresent. The Treasurer and I have accurately described the 10 year cost of the Enterprise Tax Plan from 2016, which is when it began, and then the Treasurer updated that for a decade from 1 July 2017. It is a ten-year Enterprise Tax Plan which is in operation and began on 1 July last year. So the answer I gave was absolutely accurate and consistent with what the government has produced. The Leader of the Opposition's pathetic attempt to misrepresent this is pathetic. It is so desperate.

The real issue here is, do you want Australia to be competitive or not? Do you want Australian businesses to invest? And do you want foreign investors to invest in Australia? Because we are a massive importer of capital and if we do not have a competitive tax rate then we will not see investment in Australia. We will lose jobs and we will lose opportunities. The sheer hypocrisy of the Labor Party on this point and the attempt by the Leader of the Opposition to deny everything he has stood for in the past—this is a man who said in 2011:

Cutting the company income tax rate increases domestic productivity and domestic investment. More capital means higher productivity and economic growth and leads to more jobs and higher wages.

Well, what has changed in the last six years?

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