Australia news live: Dan Tehan says Liberals want to revive nuclear policy; a third of big companies paid no tax

The shadow energy minister claims international ‘renaissance’ in power source. Follow today’s news liveGet our breaking news email, free app or daily news podcastNearly three in 10 large companies paid no tax in the financial year before last, according to the Australian Taxation Office’s latest corporate tax transparency report.Michelle Sams, an assistant commissioner at the ATO, said “we know there are legitimate reasons why some companies pay little or no tax”.I don’t think that’s something you can answer in absolute terms, there is no right number.What we can do is assure you that we have dedicated programs of work looking at these taxpayers, and we have high levels of confidence that most large businesses pay the right amount of tax.But what we all know is that you need baseload power as well … and what nuclear can do is provide that [baseline] over time. It can replace gas and coal.That is Mathias’s view and he’s doing a very good job over in France at the OECD. What I’m dealing with is the reality here on the ground … and we’re hearing from a range of experts that that 2030 target won’t be met.What I want to know is, when it comes to actually addressing emissions reduction, when you’ve got a proven technology, why won’t you even consider it, when it comes to nuclear. Continue reading...

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