Senate debates
Tuesday, 21 June 2011
Questions without Notice
Carbon Pricing
2:37 pm
Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source
Firstly, in relation to the tax question, obviously whether or not this or any other expense is deductible obviously depends on the taxpayer's particular circumstances and the details of the expense made, so I am not sure I would be in a position to make any definitive statement about the extent to which these sorts of expenditures would in fact be deductible. If I can find any further advice from the Treasurer on this issue, I will provide that. But it would depend on the circumstances of the company and the expenditure made. I am not sure I can provide much more information to Senator Brown. It is true that companies do, under Australia's taxation laws, have the ability to deduct certain expenses—
No comments