We will not split business tax plan, declares minister

FINANCE Minister Mathias Cormann is serious about getting the remainder of the Turnbull Government’s 10-year business tax cut plan through the Senate this week after successfully steering personal income tax reductions into law.

Parliament will be sitting for the final week before the long winter break and the “Super Saturday” of by-elections on July 28.

“Our intention is to deal with it this week, our intention is to secure the necessary support through the Senate, in order to legislate those business tax cuts in full,” Senator Corrison), mann told ABC TV yesterday.

“The same as we said we would not be splitting the personal income tax bills ... we will not be splitting the company tax cut plan from here.”

Senator Cormann (pictured left with PM Malcolm Turnbull and Treasurer Scott Mor- faces a tough time with One Nation’s two senators joining Labor and the Greens in opposing the cuts which will take the corporate rate down to 25 per cent for all business.

“I have no intention of supporting corporate tax cuts,” One Nation leader Pauline Hanson told Fairfax Media.

She wants the government to crack down on multinationals trying to avoid their tax obligations while ending tax deductions for firms that use overseas call centres.

The government needs the support of eight out of 10 crossbenchers to pass the package.