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

Every business in Australia pays their tax on their profits. Bigger businesses right now have to pay 30 per cent tax on their profits, whereas businesses in the US have to pay 21 per cent; in the UK, 19 per cent, soon to be 17 per cent; in France, soon to be 25 per cent. The Australian Labor Party want to hold Australian business back. They don't want Australian businesses to have the best possible opportunity to succeed, because the Australian Labor Party don't understand that the future prosperity of Australians and the future job security of every Australian worker depend on the future success and profitability of Australian businesses.

Now, if the Labor Party is proposing to impose a tax on turnover in the future, if the Labor Party under the socialist agenda pursued by Bill Shorten— (Time expired)