Liberal/Nationals Coalition Govt Will Cut Payroll Tax Rate Of 2.425% To 1%

Liberal/Nationals Coalition Govt Will Cut Payroll Tax Rate Of 2.425% To 1%

Victoria Opposition Leader Matthew Guy

Victoria Shadow Treasurer Michael O’Brien

Payroll Tax

Victor P Taffa

In another plank in our plan to decentralise our jobs and our population, a Liberal/Nationals Coalition Government will cut the current payroll tax rate of 2.425% for qualifying businesses in regional Victoria to just 1%, Opposition Leader Matthew Guy said.

New rate under a Liberal/Nationals Coalition Government will be less than one-quarter of the standard 4.85% rate.

“Only the Liberal Nationals have a plan to get back in control of population growth by decentralising our jobs and our population.” Opposition Leader Matthew Guy said.

“We need to regionalise our growth, and not just focus on Melbourne alone. We cannot continue to grow the way we have the past 30 years for the next 30 years.”

Melbourne is jam packed with a population over 5 Million people and growing at an average of around 2,700 a week.

Premier Daniel Andrews has lost control of population growth and it’s putting enormous stress on housing affordability, roads, public transport, schools and hospitals and that negatively impacts everyone’s quality of life.

Premier Daniel Andrews says we can fit another 3 Million people into Melbourne over the next few decades. The Liberal Nationals don’t agree.

“Before the last election Premier Daniel Andrews promised he wouldn’t increase or introduce new taxes. Since then he has broken that promise 12 times. Victoria is now the highest taxed state in Australia.” Shadow Treasurer Michael O’Brien said.

“Payroll tax is a tax on jobs. The Liberal Nationals will slash payroll tax in regional Victoria to just 1.0%, to provide more incentives to create jobs in our regions and to decentralise growth.”

“We believe we need to get back in control of population growth through a strategic plan to decentralise our jobs and our population.” Opposition Leader Guy said.

“Our decentralisation plan ticks every box unclogging major arterial roads, metropolitan rail extensions to growth areas, new highways, building the fastest passenger rail in Australia and helping create new jobs in regional Victoria.”

VIC Shadow Treasurer Michael O’Brien

 

 

 

 

 

 

 

 

Liberal/Nationals Coalition comprehensive plan for decentralisation includes incentives for economic development in regional Victoria.

That’s why a Liberal/Nationals Coalition Government will cut payroll tax in regional Victoria to just 1.0% for all businesses under the existing eligibility criteria for the concessional rate.

Liberal/Nationals Coalition tax cut is expected to save around 4,000 businesses an average of $11,633 a year.

Around 4,000 regional businesses qualify for the concessional payroll tax rate. The qualifications include that at least 85% of the payroll must be comprised of Victorian wages associated with regional employees and that the employer is based in regional Victoria.

Victoria State Election will be held on 24 November 2018.