Victoria’s state budget will result in significant costs to Victorian businesses, affecting thousands of businesses across the state, the National Employers Association’s Eye Group announced today.
Over the past week, businesses in Victoria have faced significant increases in payroll tax, Worksafe premium and land tax.
Ai Group Victoria head Tim Piper said payroll tax for large companies had increased by 41% over the past two years, Worksafe insurance premiums announced last week had also increased by 42%, and there was a significant increase in land tax rates across a wide range of areas. Said there was a raise. Range of stakeholders.
Piper said the budget would discourage investment in Victoria and the consequences would affect all businesses and consumers.
“The government has made a deliberate decision to impose significant additional costs on businesses that will only result in higher costs of doing business in the state,” he said.
“There is a risk that business decisions will be made based on government-imposed taxes rather than investment opportunities.
“It may not help when businesses compare Victoria to other states or countries in terms of investment.”
Mr Piper said the gradual elimination of stamp duty on commercial insurance was a step in the right direction.
Ai Group also supported the government’s decision to abolish stamp duty on commercial real estate and encouraged similar measures for housing to encourage investment and labor mobility.
further comments
Tim Piper – 0411 430 301
