All or nothing on company tax: Cormann

May 29, 2018

The federal government has ruled out any more compromises on company tax and will push for a vote on the remainder of its package when the Senate next sits in mid-June.

Australian Conservatives leader Cory Bernardi says Senator Pauline Hanson is demonstrating inconsistency with her latest change in position being to tell people to phone her office, after a new poll suggested 60 per cent of her supporters are in favour of the full package.

The Financial Review reports, Finance Minister Mathias Cormann said it was "most definitely our intention" to put the legislation to a vote. He said the bill would be for the full remainder of the package to reduce the tax rate for all companies from 30 per cent to 25 per cent by 2026-26.

A growing number of Nationals MPs, independent Senator Derryn Hinch and even Senator Hanson have suggested a compromise to extend company tax cut relief to firms with turnovers capped at $500 million.

But Senator Cormann has ruled out the $500 million proposal, saying it's all or nothing.

Senator Bernardi has told Ben Fordham on Sky News this kind of inconsistency on the part of Senator Hanson’s One Nation party is another reason why you should vote for the Australian Conservatives in the Senate.

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