Scott Ryan (Victoria, Liberal Party) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Sherry. I ask whether the government is aware of the comments of the Canadian Minister for International Trade in the Financial Times overnight where he stated that, ‘We think lowering taxes attracts investment; we think higher taxes obviously discourage investment’, and the comments of the chief executive of the Mining Association of Canada when he said the Australian tax ‘probably makes Kevin Rudd the mining man of the year in Canada, because he’ll bring a lot of investment our way.’ Why is this government in denial that its great, big new tax on mining will be a bonanza for Australia’s competitors while costing Australian jobs?