Scott Buchholz (Wright, Liberal Party) Share this | Hansard source

There's an interjection saying that it's a load of rubbish. We will take this to an election.

When we come back next week, we're going to be debating company tax rates. Those on the other side talk as if it's a foregone conclusion. The biggest tax cuts in history are what we've delivered today, and I'll get it on the record every day between now and the election. When we come back next week we're going to have a chat about company tax rates. We're going to talk about the flight of international capital and how fluid it is. If we don't move in that space, if we don't remain competitive internationally, by the year 2022 there will only be one nation in the OECD countries which has a higher company tax rate than us, and that will be Portugal.

We need to be competitive. We need to follow the world markets. We need to follow the UK's downward trajectory on company tax. We need to follow America's downward trajectory on company tax. Singapore is already there. Those nations that we trade with—they're outsmarting us on lower company tax rates. That all feeds back into—

Mr Brendan O'Connor interjecting—

You reckon that's rubbish as well? There you go. The other thing we're going to take to an election is truth and honesty and who you can trust at the next election. What you won't get from this government is saying one thing in one electorate and then going to another and saying exactly the opposite just to appease—Labor threw three Queensland seats under the bus. (Time expired)

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