Josh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

I thank the member for Moncrieff for her question. She is a very strong advocate on behalf of the tourism sector. She's a strong advocate on behalf of small business. Indeed, more than 30,000 in her electorate are going to be able to access the immediate expensing provisions.

At every turn we have sought to cut taxes—cutting taxes for small business to the lowest level in 50 years; providing record amounts of investment incentives through our tax system, which have been particularly effective through this pandemic; and cutting taxes for families. More than 11 million Australians have received more than $30 billion in tax cuts, and particular beneficiaries have been young people and particularly young women. Women aged 25 and under are paying 20 per cent less tax today than under the Labor Party—worth more than $2,000 a year.

Now, every step of the way as we've sought to cut taxes we've been opposed by a Greens-Labor coalition. That's because when it comes to tax policies the policies are very similar. The only difference is the colour of the letterhead. I went to the Greens website and I had a look at their tax policies, and they look like a Labor wish list. There's a housing tax—we've heard that before. There's a tax on family businesses and trusts—we've heard that before. There's a tax on the mining sector, a carbon tax, higher taxes on superannuation and higher taxes on income earners. Then, of course, most damningly of all, on the Greens website there is a 30-year project for the Leader of the Labor Party: death duties and inheritance tax.

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