Senate debates

Tuesday, 27 March 2018

Questions without Notice

Taxation

3:00 pm

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

There will be if you pass the tax cuts in full. Additional investment is contingent on the Senate passing our business tax cuts in full. If the Senate passes the business tax cuts in full, there will be more investment into Australia, which will generate more jobs and drive stronger wages growth. I can absolutely guarantee that. Do you know what else I can guarantee? If we continue to put businesses at a competitive disadvantage, particularly bigger businesses, there will be less investment, fewer jobs and lower wages. When there are fewer jobs, the unemployment queues will increase and there will be less competition for workers; and when there's less competition for workers, business only has to pay less to secure their services. We want business to have to pay more to secure their services.

Comments

No comments