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

The Leader of the Opposition, as usual, is seeking to mislead us by talking about the level of company profits. The reality is the figure that he's using is one massively inflated by the commodities boom, a once-in-a-generation boom. The Treasurer will have more to say about that. What we need to focus on today is the fact that the Labor Party, which poses as the alternative government, has not one policy that would create one job or encourage one business to invest one dollar. The Leader of the Opposition wants to impose $165 billion of new taxes. He seems to think that, somehow or other, it would be good for employment if business owners are forced to pay more taxes. We know that more than half of Australia's workforce works for small and medium family businesses with a turnover of up to $50 million a year. They are not gigantic businesses.

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