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

The alternative policy of the alternative government of Australia is to impose a 32.5 per cent tax rate on any working holiday-maker coming to Australia, because that is the effect of what Labor is promoting. They know that there is no choice between a tax rate of 10.5 per cent and a tax rate of 15 per cent. The choice is between a tax rate of 15 per cent or 32.5 per cent. If Labor genuinely wants a lower tax rate for foreign workers, Labor can have 15 per cent today; the Senate can have 15 per cent today. You can have 15 per cent tomorrow; you can have 15 per cent at any other point in time. But until such time as the Senate accepts 15 per cent, it will be 32.5 per cent—the tax rate put in place by none other than the Labor Treasurer, Wayne Swan. That is the law of the land today. If Labor wants to go out and explain why they want a 32.5 per cent tax rate, that is up to them. (Time expired)