Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Australia has led the charge through the G20 in really driving the agenda when it comes to making sure that multinational companies pay their fair share of tax in those jurisdictions where they generate their profits. The Australian government is totally committed to making sure that every business that generates profits here in Australia pays their fair share of tax in accordance with our laws in relation to those profits.

There have been some further improvements agreed at the G20 and those improvements are being implemented in an orderly and responsible fashion to ensure that there is not a disproportionate impact on banking clients across Australia when it comes to passing through any additional costs that come with that. I would ask the Greens: why are you not supporting our efforts to ensure that tax subsidies on research and development are not going to the most profitable companies around Australia, including multinational companies? Why are you opposing a labour-saving—(Time expired)