Senate debates

Wednesday, 15 November 2023

Bills

Treasury Laws Amendment (2023 Measures No. 1) Bill 2023; In Committee

5:32 pm

Photo of Dean SmithDean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

The answer to Senate question on notice No. 1693 states that there will be no impact on company tax receipt expected as a result of this policy. If this is a crackdown on companies exploiting a tax loophole, as the government claims, and not a broken promise on taxing franking credits, why does it raise zero dollars from company tax?

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