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Wednesday, 9 May 2018
Page: 3462

Taxation


Mr SHORTEN (MaribyrnongLeader of the Opposition) (14:55): My question is to the Prime Minister. The Treasurer has just provided the 10-year cost of the personal income tax scheme. Can the government now provide the total cost of corporate tax cuts over the same 10-year period, both legislated and proposed to be legislated by this government? If the government cannot provide the 10-year cost, why not?


Mr MORRISON (CookTreasurer) (14:56): I'm sorry to have to provide the Leader of the Opposition with a lecture on how budgets work, but the measure that is before the Senate is the unlegislated measure for which we've made it very clear what the 10-year costing is. The measure that he now refers to is a measure in this year's budget, and I've indicated the 10-year cost for that. That's the way the budgets are done—

The SPEAKER: The Treasurer will resume his seat. The Leader of the Opposition has a point of order.

Mr SHORTEN: It's on direct relevance. Both the Treasurer and, before him, the Prime Minister have deliberately picked an earlier figure start date for 10 years on their corporate tax, but they keep pretending that we're not asking on 1 July 2018. Just answer the question.

The SPEAKER: The Treasurer has the call.

Mr MORRISON: It's pretty simple. There's a measure before the Senate. It's based on a previous year's budget. It's 10 years, and you have a 10-year cost for the unlegislated measure in the Senate. The 10-year cost for that is clear. The 10-year cost that they've asked about in relation to the personal income tax plan was in the budget, and there's a 10-year cost for that. Heaven forbid you ever get into government and have to manage the nation's finances.