David Leyonhjelm (NSW, Liberal Democratic Party) Share this | Hansard source

My question is to Senator Sinodinos as Cabinet Secretary and Minister representing the Minister for Trade and Investment. It concerns a large multinational business based at the North Pole but with significant turnover in Australia. If we impose tax transparency on such a business, won't a certain gentleman who wears red suits prefer to do business elsewhere, where he is able to preserve his privacy? If we require this foreigner to get FIRB approval before he can invest in landing sites in Australia, won't this threaten his arrival here on Christmas Eve? Won't the removal of GST-free status for low-value imports see fewer toys arrive from the North Pole? And won't the tariffs on toys mean children receive gifts of lower value?