Senate debates

Thursday, 28 June 2018

Questions without Notice

Taxation

2:03 pm

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

What I want the Australian people to believe is that if there are lower, globally more competitive business taxes in Australia, all businesses in Australia will have a better opportunity to be viable, profitable and successful into the future, and more jobs will be created than there otherwise would be. Individual businesses, from time to time, in a competitive environment, domestically and internationally, will face challenges and will have to position themselves for their future viability and profitability. But if we make sure that every single business in Australia has the best possible opportunity to be successful, to be viable, to be competitive and to be profitable into the future, all Australians, right across Australia, will have the best possible opportunity to get a good job, a well-paid job, a better job, to build a career and to secure higher wages over time. That's what the Labor Party used to believe. The Labor Party actually used to argue this point. Mr Shorten used to argue this point. Mr Bowen used to argue this point. But the Labor Party has turned socialist and they have turned against the Australian people. (Time expired)

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