Straight from the Senate - Issue 18
5.00pm | May 05, 2017
Today I was delighted to meet with some of the television and film industry companies in Fox Studios in Sydney.
The cultural importance of the creative sector is well recognised, these companies help us express ourselves and tell Australian stories. But it’s also important to remember that these businesses employ thousands of people and contribute hundreds of millions to the Australian economy (more than $86 billion in 2014). Today’s meeting included key people involved with movies like the Great Gatsby and the Lego movies. They shared some of their expertise on how they compete with world leaders in LA, including the impact of the NBN and the quality of talent produced by our TAFEs and unis. Although this government seems determined to ignore the arts, it is important that this vibrant sector gets the support it needs to continue being a strong part of our economy.
Labor recently announced our plan to ensure multinational companies pay Their Fair Share of tax.
Over the last two years Chevron has paid no corporate tax. Not a cent. We’ve begun to tackle these issues with a new plan to close the loopholes that multinational companies use to evade tax. A Labor Government will return $5.4 billion of lost revenue to the Australian economy, to fund health and education. In contrast, Malcolm Turnbull is delivering a $50 billion tax cut to corporations and cutting education funding. The Coalition government is seriously out of touch.
Next week the Coalition Government will deliver its budget. What do we know so far?