PM suffers setback on company tax cuts as Hanson pulls support

The Turnbull government’s company tax cuts will lose the crucial support of One Nation’s three Senate votes unless a new series of demands are met, Pauline Hanson says.

Composite image of One Nation leader Pauline Hanson and PM Malcoilm Turnbull.

Composite image of One Nation leader Pauline Hanson and PM Malcolm Turnbull. Source: AAP

The Coalition has been trying to pass its signature company tax cuts – which would lower the tax rate for all companies from 30 per cent to 25 per cent over the coming years – since it won the 2016 election.

Senator Pauline Hanson had agreed to support the plan if the government delivered a 1,000-place apprenticeship scheme.

But the One Nation leader was disappointed the places were not funded in the 2018 Budget.

“Upon reflection, in the budget, the government has done absolutely nothing. I couldn’t see anything there about the thousand-place apprenticeship scheme,” she told News Corp.

Senator Hanson’s backflip comes just as the government’s main negotiator in the Senate, Mathias Cormann, appeared close to securing the remaining numbers.

A proposal for a new tax on digital multinationals like Facebook and Uber was welcomed by Centre Alliance senators Stirling Griff and Rex Patrick, who could have tipped the balance.

Senator Hanson said the Coalition had failed to convince the public of the corporate tax plan, which would phase in gradually through to 2027.

“The people in general don’t want it. It has not been well-­received,” she said.

“The government has not been able to sell the package to the people and they haven’t cut through.


Share

2 min read

Published

Updated

By James Elton-Pym

Presented by Yang J. Joo

Source: SBS News



Share this with family and friends


Follow SBS Korean

Download our apps
SBS Audio
SBS On Demand

Listen to our podcasts
Independent news and stories connecting you to life in Australia and Korean-speaking Australians.
Ease into the English language and Australian culture. We make learning English convenient, fun and practical.
Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS
Korean News

Korean News

Watch it onDemand