Turnbull stands for tax secrecy - Media Release

TURNBULL STANDS FOR TAX SECRECY

Malcolm Turnbull is today responsible for ensuring Australia’s biggest private companies can keep secret how much tax they pay.

His Government has rammed a bill through the Senate that will gut this country’s tax transparency laws and keep Australians in the dark about the tax affairs of huge firms.

Today Malcolm Turnbull has been forced to defend his own investments in the notorious tax haven of the Cayman Islands. His Government has chosen this very same day to put a new cloak of secrecy over the tax affairs of companies earning more than $100 million a year.  

Malcolm Turnbull has now ensured Australians cannot have an open and informed discussion about how much tax big companies really pay.

Labor introduced these tax transparency laws in 2013 because we know that scrutiny and openness help ensure everyone pays their fair share. Without transparency, dodgy dealings can flourish in the dark.

Labor has consistently fought the Government’s efforts to gut tax transparency. No-one has argued louder or longer to keep the previous rules in place and make all major companies publish what they pay.

Today Malcolm Turnbull has used the power of the Parliament to protect the interests of a handful of huge firms at the expense of the entire Australian community.    

THURSDAY, 15 OCTOBER 2015

MEDIA CONTACT: JENNIFER RAYNER 0428 214 856


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