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TAXATION—FINANCIAL TRANSACTION TAX

The Leader of the Australian Greens (Senator Bob Brown), pursuant to notice of motion not objected to as a formal motion, moved general business notice of motion no. 482—That the Senate—

 (a) notes that:

  (i) a number of submissions to and participants at the recent tax forum called for the global introduction of a financial transaction tax, and


  (ii) the European Parliament has voted to support introducing a financial transaction tax and that the European Commission has proposed it be levied at a very low rate of 0.1 per cent on transactions in shares and bonds and 0.01 per cent on derivatives trading; and

 (b) urges the Government to support further discussion of a global financial transaction tax at the next G20 meeting.

Question put.

The Senate divided—

AYES,9


Senators—
Brown, BobLudlamRhiannonWaters
Di NataleMilneSiewert (Teller)Wright
Hanson-Young

NOES, 39


Senators—
BernardiCormannJohnstonParry
BilykEdwardsKroger (Teller)Polley
BoswellFarrellLudwigPratt
BoyceFaulknerLundySherry
Brown, CarolFawcettMadiganSingh
CameronFeeneyMcEwenStephens
CarrFifieldMcKenzieSterle
CashFisherMcLucasThistlethwaite
ColbeckFurnerMooreUrquhart
CollinsGallacherNash

Question negatived.