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

The biggest risk to effective action against multinational tax avoidance is the Labor Party. You would have guessed it. Labor's alternative multinational tax avoidance package, announced in March this year, poses an unnecessary risk to our economy and to jobs. Treasury has assessed that, amongst other things, it is likely to increase the cost of capital in Australia and have a negative impact on economic activity, which means it will cost jobs.