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

I thank the honourable member for her question. I think she's referred to a large multinational company in the matter of tax, and it gives me the opportunity to advise the House that, as at 31 May this year, $2.7 billion in liabilities has been raised—additional revenue—against multinationals and public groups. Of this, $1.2 billion has been attributed to the Tax Avoidance Taskforce government commitments. This is based on legislation Labor voted against. $1.6 billion in additional liabilities has been raised against wealthy individuals and associated groups, including trusts and aggressive tax planning, and, of that, over $1 billion has been attributed to the Tax Avoidance Taskforce government commitments. I add that, in addition to this fine work that's brought $7 billion of additional revenue into the tax net—it's one of the reasons the Treasurer has announced some improved numbers in terms of government revenues today—we've also seen a significant impact on additional GST paid: approximately $460 million in 2017-18 year to date as a result of global—

See this speech in context