- Transcript - Doorstop Interview (Parliament House, Canberra) (1)
- SUBJECT/S: US Election, Economic Inequality WAYNE SWAN: I just wanted to make a few points about the Presidential election result in the States because I think there is a warning, there's a lesson for democracy throughout the western world in this result. Essentially over the last forty years growing inequality of wealth and income distribution has poisoned our political system.
November 10, 2016
- Speech - Private Members Business (Pension Deeming Rates)
- I would like to say a few words about this important motion. I would like to compliment the contributions from the members for Lindsay and Macquarie, who clearly understand the importance of cost of living pressures, not only on full pensioners, but on part pensioners and of course on self-funded retirees. It does not matter where you look over the period of the Abbott-Turnbull government, there has been one common theme: a concerted attack on...
November 08, 2016
- Article - The Economy Is Balanced On A Knife Edge
- The spectre of Tony Abbott continues to haunt the Australian political landscape. As surely as his presence is a threat to Malcolm Turnbull’s tenuous Prime Ministership, so too are his policy positions poisonous to Australia’s national interest. Earlier this month, the nominally ‘former’ Prime Minister reminded Australians of the threat that his economic views still pose to the nation. While carefully distancing himsel...
October 24, 2016
- Speech - Constituency Statement (BHP Tax Evasion) (1)
- Last week I spoke about BHP's tax evasion and the use of a Singaporean tax shield. On 17 October, Matthew Stevens in the Australian Financial Review made the comment that because BHP was a large Australian taxpayer it was entitled to evade tax on some of its earnings. Mr Stevens apparently thinks it is okay for BHP to seek to avoid paying tax on all the profits of $5.7 billion held in their Singaporean tax shield. In my view, it was their...
October 19, 2016
- Transcript - Doorstop Interview (Parliament House, Canberra)
- SUBJECT/S: Multinational Tax Evasion Wayne Swan: Yesterday I spoke about the use of tax havens and tax shields such as Singapore. I was pleased and surprised I guess to have my remarks endorsed by Kelly O'Dwyer. It's a rare thing in the Parliament to have a government repudiate their own policy.
October 13, 2016
- Speech - International Tax Agreements Amendment Bill
- This is a very important bill. It includes treaty provisions which form part of the OECD BEPS process—that is the base erosion and profit-shifting project. No project could be more important to Australia's future prosperity than one that deals with eliminating multinational tax evasion. It was work I and G20 finance ministers started in 2013, and it shows the importance of international cooperation and how essential that is if we are...
October 12, 2016