Nigel Scullion (NT, Country Liberal Party, Minister for Indigenous Affairs) Share this | Hansard source

We need lower taxes if we're going to keep our businesses competitive. If you raise taxes, investment and opportunities go offshore. Mr Shorten's policies are, no doubt, a win, but they are only a win for businesses in the United States, the United Kingdom, Singapore, Japan and China. In my former life as a commercial fisherman, we had a bit of a saying: 'A rising tide should lift all boats.' That's exactly why we need the full, legislated tax cuts for all Australian businesses. The activity between big business and small businesses is worth $555 billion a year. If we don't make our corporate tax rate more competitive, we will lose jobs in regional and remote Australia. I will just quote you a bit of a pearl of wisdom:

… any student of Australian business and economic history since the mid-1980s knows that part of Australia's success was derived through the reduction in the company tax rate.

That was from Mr Shorten. (Time expired)