The Government has just issued the Parliament program for next week and has committed to a vote on the company tax legislation. With four cross-bench votes still required to pass the Senate, Pauline Hanson has dealt the legislation one final blow:
Senator Hanson told Sky News she was taking a “balanced view” and pointed out One Nation had already supported $179 billion in company and personal tax cuts.
But she remained concerned the tax cuts were unaffordable unless more was done to raise revenue from multinationals.
“To pass the other unlimited corporate tax cuts, that’s going to cost us another $45 billion which will not come in for eight years,” she said. “That’s a total of $224 billion. Where is the money coming from?…
“Go after the multinationals on the gasfields of the North West Shelf that we are not getting money out of. Of $55 billion gas up there that we export out of our country, to pull in only $400 million a year it is not good enough.”
The legislation looks as dead today as it did two weeks ago.
