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

I will ask the Treasurer to add to this answer. This is a question from a man who wrote a book calling for company tax to be 25 per cent precisely in order to make Australian businesses more competitive with the rest of the world, and on the basis that it would result in more investment, higher wages and more jobs. Those are precisely the same arguments that the member for Maribyrnong made when he was in government, standing right here, and precisely the arguments that Paul Keating made when he was Treasurer. Now, suddenly, for political convenience, all of that economic logic evaporates. The Labor Party cannot suspend the laws of economics. Their latest policy on company tax is no more well calibrated than their shocking cash grab on pensioners. I will ask the Treasurer to add to the answer.

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