Nick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

The company tax rate in Australia is 30 per cent, so it is certainly true that the tax rate of the mining sector, compared to other sectors of the Australian economy—it is a matter of fact—is on the low side at 17 per cent. Ultimately, the issue of the deductibility of perhaps up to $100 million is a matter for the tax commissioner, but I note there is a fair degree of precedence in this area that would allow them to claim their massive advertising campaign as a deduction. (Time expired)