- 19 May 2021 23:16
#15173294
https://www.skynews.com.au/details/_625 ... yNewscomau
This will drive business/people out of Victoria into other states.
PM ‘concerned’ about Andrews government plan to raise taxes
Prime Minister Scott Morrison has raised concerns about the Andrews Labor government’s plans to increase taxes in next week’s budget.
Victoria is set to unveil a swathe of tax measures targeting high income earners as the state struggles with a mounting debt and much-needed revenue for coronavirus recovery schemes.
Anticipated tax hikes include a $2.4 billion property tax increase and a 50 per cent tax rate for developers who reap windfall gains above $500,000 when their property is rezoned.
A new premium stamp duty rate for property transactions valued above $2 million is also expected in the fast approaching budget.
Mr Morrison said the Coalition’s plans for Australia’s recovery from the coronavirus pandemic was to be fuelled by lower taxes.
“Lower taxes are underpinning Australia’s economic recovery from the COVID-19 pandemic,” he said.
“That’s why it concerns me that taxes are rising here in Victoria under the Labor government and equally the federal Labor party is looking to increase taxes as well.
“That’s not how you grow your economy. That’s not how you get people in work. That’s not how you help them buy their first home.”
https://www.skynews.com.au/details/_625 ... yNewscomau
This will drive business/people out of Victoria into other states.