Treasurer Scott Morrison says the government’s “ears aren’t painted on” as he promises to listen to the crossbench about company tax cuts.
One Nation and Centre Alliance senators delivered crucial votes to get the coalition’s $144 billion personal income tax cuts through the Senate.
The same votes will be needed for the government to cut the business tax rate from 30 per cent to 25 per cent for all Australian companies by 2026/27.
Prime Minister Malcolm Turnbull says the company tax plan will go to the Senate for a vote next week.
“It’ll be put to a vote, sure … we are committed to the full implementation of our corporate tax plan,” Mr Turnbull told ABC radio on Friday.
Mr Morrison says the government will listen to crossbenchers in order to get the bill through.
“We’ve shown a lot of respect, we’ve listened, our ears aren’t painted on when it comes to talking to the Senate,” Mr Morrison told reporters.
But Labor leader Bill Shorten says the government is giving $80 billion away to huge corporations, not long after trying to raise the GST and the Medicare levy.
“He genuinely believes if you do that, then that will look after everyone else. I have a different set of values,” Mr Shorten told reporters in Brisbane.
Monday is the start of the final parliamentary sitting week in Canberra before the long winter break.
One Nation leader Pauline Hanson said on Thursday she would “sit down and talk” if the government promised to grab $100 billion out of multinational firms such as Google, which she said did not pay tax or paid little tax in Australia.
Mr Morrison promised to explain to Senator Hanson how the government was tackling multinational tax avoidance.
He will also be attending a G20 finance ministers meeting in Argentina in July where a global approach to the issue would be discussed.
To date the government’s efforts on multinational tax avoidance had reaped an extra $7 billion in revenue.