Malcolm Roberts (Queensland, Pauline Hanson's One Nation Party) Share this | Hansard source

For those senators with poor hearing, let me say again: we support this bill. That's what I opened with. We support this bill—I'll repeat it. I said that.

I've just laid down a litany of problems that are coming from this building in betrayal of the people in this country, my fellow Australians. I'm now getting to the point of that betrayal. The most destructive system in government under the uniparty for the last 70 years has been the taxation system. It focuses our brightest and best people, some of our lawyers and accountants, not on serving our country in competition with foreign companies overseas—the Koreans, the Japanese, the Taiwanese, the Chinese, the Europeans and the Americans—but on screwing the government and getting away from complex, ridiculous taxation systems. They're focused not on competing with foreign owned corporations but on competing with our government. Think of the behaviours that are driven at the corporate level, the allocation of resources, the inefficiency of resources and the behaviour of executives.

Taxation is highly complex. How many pages are there in our taxation act? It's highly inefficient directly in terms of allocation of resources and indirectly in terms of the behaviours that are driven. It's directly inefficient in terms of the way taxation is levied in this country. James Killaly is a former deputy commissioner of taxation in charge of large companies and foreign matters. He said in 1996 and 2010, 'Ninety per cent of Australia's large companies are foreign owned and, since 1953, have paid little or no tax.' This bill does go a little way towards addressing that, but we need to address it full on.

Why does that happen? Why are foreign companies getting let off the hook? I'll tell you why. It's because many of even our large Australian companies are part-owned and controlled by foreign corporations. The major predators are Vanguard, BlackRock, State Street and First State. They own 10 per cent of the four banks combined and they own the controlling interest. They tell the banks what to do—BlackRock, State Street, Vanguard, First State and others in that little cohort of multinational predatory organisations. We don't have four main banks. We have one main bank that is hiding behind four logos. That's what we have. They have the same policies, principles, strategies, products and services.

Coles and Woolies, again, are part owned by BlackRock, State Street and Vanguard. If you go right through our corporations in this country, the corporations we thought were Australian owned, they're foreign owned and controlled, and where does the money go? The profit goes overseas. What did the Morrison government do, along with the state premiers? They loaded it up so that foreign multinationals that own the large companies in this country made a killing out of COVID at the expense of small companies and small businesses.

On the other hand, look at Qatar and Norway. They have bountiful natural resources, just like us—not as much as we have, in fact, and yet they make so much more. Qatar made $78 billion out of its gas exports. We export more and we made a tiny fraction of that, around one per cent of that.

So why are we doing this? What I'm saying and have been saying for many years, ever since I got into the Senate, is that we need comprehensive, proper and honest tax reform. Let's have a look at the person who introduced GST into this country. Paul Keating was the Treasurer and, I think, Deputy Prime Minister under Bob Hawke. He came so close to introducing the GST, and, at the last minute, the Prime Minister at the time, Bob Hawke, fell over and lacked the courage to do so. Paul Keating was very upset with that. A few years later, John Hewson introduced the GST as part of Liberal Party policy, and who smashed him over it? Paul Keating, the man who introduced the concept of GST to this country.