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

Given that Labor have now declared their position in relation to this amendment, let me just place on the record that Labor, tonight, are helping to delay effective action against multinational tax avoidance. If this amendment gets up, what it will mean is that this very important piece of legislation which will give the tax commissioner significant additional powers to fight multinational tax avoidance consistent with international best practice will not pass the parliament and will have to come back to the Senate down the track. If this amendment gets up, it means that the Labor Party has put themselves on the side of multinational tax dodgers.