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

I'm not aware of that particular analysis. But what I would say to you is the prospect of a return on your investment is precisely what we need in order to attract more investment into Australia so that we can continue to develop our economy, create more jobs and create an environment for higher wages. Australia needs foreign capital to develop its economy to its full potential. The more competitive we are in offering the opportunity for a higher return and higher profits, the more capital we will attract. The better we are able to improve our productivity, the more we are able to ensure we can generate in returns for our businesses. The more successful our businesses are, the more people they can hire as they grow. The more people businesses want to hire, the more competition there is for workers. And the more competition there is for workers, the more businesses have to pay to secure their services. This is what this is all about. The whole reason we need to have an internationally competitive business tax rate is so that we can successfully compete for investment from around the world into Australia—