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Shadow Treasurer doesn’t deny Bill Shorten’s tax plan was a captain’s call

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The Shadow treasurer admits “there will need to be a further shadow cabinet discussion” after Bill Shorten’s captain’s call to repeal already-legislated company tax cuts.

Under the plan, companies with an annual turnover of between $10 million and $50 million would have their tax rate raised back to 30%.

Mr Shorten’s unilateral announcement has angered many Opposition MPs, with one repeatedly refusing to support it during an awkward radio interview.

Shadow Treasurer Chris Bowen tells Alan Jones the decision has his full support.

“There are tough decisions necessary and the Labor Party, Alan I think it’s fair to say, has shown in the past we won’t shy away from tough decisions and controversial decisions.”

But Mr Bowen failed to shutdown claims Bill Shorten didn’t discuss the announcement with himself or deputy leader Tanya Plibersek.

“I’m not going to go into personal conversations that the leadership group, or Bill, has with us, or I have with him.

“I’ve worked with six leaders of the Labor Party now, he’s the most consultative of all of them.

“He always takes a very consultative approach and he’s indicated there will need to be, obviously, a further shadow cabinet discussion about where the threshold lands.”

Mr Bowen says the Opposition will keep company tax cuts for businesses with less than $ 2 million annual turnover and possibly up to $10 million.

Click PLAY below for the full interview