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Wednesday, 6 August 1930

Senator DALY (South Australia) (Vice-President of the Executive Council) . - The Leader of the Opposition eluded the Government for not preventing those persons forming subsidiary companies from robbing the country of just taxation. If a company incorporated in Great Britain, India, Canada, or in any portion of the dominions, and trading in Australia, forms subsidiary companies in order to evade taxation, Senator Elliott will surely agree that such companies should not be permitted to evade taxation. The sole object of this provision is to reach those who are endeavouring to avoid taxation. The language used is sufficiently comprehensive to cover what is required. It does not constitute a reflection on Great Britain, but is simply to define a class of company that must pay taxation in this form. It does not matter whether such companies are operating in the dominions or in America. They have no right to form subsidiary companies for the purpose of evading taxation.

Senator H E ELLIOTT (VICTORIA) - In view of the Minister's statement I ask leave to withdraw my amendment.

Amendment - by leave - withdrawn.

Senator DUNN(New South Wales) | 9.52].- Senator H. E. Elliott, in moving his amendment, said that, " it is the aim of this Ministry to kill the picture industry of Great Britain." For the information of the honorable senator I should like to say that this Government has gone to a great deal of trouble to encourage the British film industry. As a result of the interest displayed by the Leader of the Government in the Senate (Senator Daly) in British productions, a film depicting scenes in the polar regions taken by a member of the Mawson expedition to the Antarctic is shortly to he displayed in Sydney.

Clause agreed to.

Clause 16 (Partners).

Senator SirGEORGE PEARCE (Western Australia) [9.53]. - I have given notice of an amendment to this clause which relates to partnerships; but I assume that the policy of the Government with respect to what are known as family companies will also apply to partnerships. If the Minister will give me an assurance that the statement he made in regard to such companies also applies to partnerships I shall not move the. amendment.

Senator Daly - I have consulted the Commissioner of Taxation on this matter, and am able to give an undertaking similar to that which I gave when the subject of family companies was under consideration.

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