House debates

Wednesday, 4 March 2020

Business

Rearrangement

6:12 pm

Photo of Stephen JonesStephen Jones (Whitlam, Australian Labor Party, Shadow Assistant Treasurer) Share this | Hansard source

Wouldn't it be good if this intervention were in the debate on this bill that should be before the House at the moment. The member obviously has a deep interest in this bill. He raises a valid point that the tax office estimated back in 2016-17 that the unpaid tax by multinational companies in this country was somewhere in excess of $2 billion a year. However, there are many other learned contributors to this debate who estimate that this is a very conservative estimation and it is likely to be much closer to $13 billion, because company after company—

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