Senate debates

Wednesday, 11 November 2015

Bills

Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015; In Committee

10:07 am

Photo of Chris KetterChris Ketter (Queensland, Australian Labor Party) Share this | Hansard source

Yes, I was referring to the fact that for the projected revenue for this bill being generated, if you go to the budget papers, you see asterisks in terms of what the government expects to receive in revenue as a result of the adoption of these measures. What I was putting to you was that the Labor approach was that we have come up with some measures to address the issue of multinational corporate tax avoidance, we took those measures to the Parliamentary Budget Office, and there was the ability there to provide some credible estimates as to what impact the Labor measures would have. I know that the government did not do this work prior to the budget. My question is: has the government asked Treasury recently to look at this in light of the opposition's package? We have had the capacity to put some figures—some dollars. I would like to know whether in recent times the government has done this work to look at what revenue is expected to be generated by the passage of this legislation. If the answer is, 'No, nothing's been done,' my question is: why hasn't anything further been done about it?

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