Big business will be hit with hundreds of millions of dollars in extra taxes and royalties as the Palaszczuk Government seeks to deliver payroll tax relief to small and medium-sized businesses in the hope of boosting jobs, particularly in regional Queensland.A newly established tax avoidance squad will target tax dodgers over payroll tax, land tax, royalties and transfer duty
A Service Priority Review Office inside Treasury will be responsible for finding $200 million in savings in 2019-20 This will also help the State Government deliver a modest budget surplus of $189 million in 2019-20, but do little to slow the steady rise in debt, forecast to hit $90.7 billion by 2023."The current levels of debt within the state of Queensland are both manageable and they are stable," Ms Trad said.
The Treasurer said about 13,000 businesses would benefit by raising the threshold at which payroll tax kicks in from $1.1 million to $1.3 million, and by cutting the rate by 1 percentage point for any employer with 85 per cent of its workforce outside the south-east corner. It will cost the state budget $885 million over the next four years, but more than half of this — $544 million — will be recouped by hiking the rate to 4.95 per cent for about 6,000 employers who have a payroll greater than $6.5 million.The LNG sector faces an increase in the petroleum royalty from 10 per cent to 12.5 per cent, which will pull in an extra $476 million over four years.
the gas cowboys r killing manufacturing n small biz as they r gouging for gas prices We r a big exporter but we have to IMPORT n we dont get d benefit of cheap prices They r gouging us ACCC is powerless & impotent
To find tax dodgers just look at billionaires with mining interests and nepotism within political lobbiest affiliations... not rocket science.
'Slugged.' 'Big business slugged' is from the Murdoch media style guide, not the ABC style guide. Were Australian workers 'slugged' to pay for massive increase to federal politicians salaries?
Watch the far left melt down while our GDP goes up ☝️and our debt goes down 👇