Another year, another win from Labor’s tax laws - Media Release

ANOTHER YEAR, ANOTHER WIN FROM LABOR’S TAX LAWS

The budget is half a billion dollars better off thanks to laws put in place by the former Labor Government.

As reported today, last month’s $529 million settlement between BHP and the Australian Tax Office would not have been possible without two bills introduced by Labor in 2012 and 2013.

Labor’s laws closed a multinational tax loophole. The Coalition voted against them on the basis that they claimed they were retrospective.

Labor’s laws were also used in the 2017 Chevron judgement, which added hundreds of millions of dollars to the budget bottom line. With extraordinary chutzpah, then Treasurer Scott Morrison even tried to take credit for that result.

When MYEFO is handed down tomorrow, Australians will know that the budget would have been half a billion dollars worse off if the Coalition had their way on the floor of parliament in 2012 and 2013.

ENDS

Authorised by Noah Carroll, ALP, Canberra.


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Cnr Gungahlin Pl and Efkarpidis Street, Gungahlin ACT 2912 | 02 6247 4396 | Andrew.Leigh.MP@aph.gov.au | Authorised by A. Leigh MP, Australian Labor Party (ACT Branch), Canberra.