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

I thank Senator Bushby for that supplementary question. The Turnbull government has a comprehensive national economic plan, which involves making our tax system more growth friendly. The next instalment is our Ten Year Enterprise Tax Plan, which seeks to reduce the corporate tax rate to 25 per cent for all businesses. That is because we understand that in order to ensure that we can create as many jobs as possible in this economy we need businesses across Australia to be as successful and as profitable as possible, so they can hire more Australians and pay them better wages over time. Every respected economist in the world will tell you that a more competitive business tax rate will help you to boost investment and boost productivity, and will help more successful businesses across Australia to hire more Australians. The Labor Party does not get this. The Labor Party seems to think that jobs grow on trees. No, jobs do not grow on trees; jobs are created by hardworking businesses across Australia. (Time expired)