Victoria slugs business, property investors $8.6b

📆 23/05/2023 1:05 a. m.

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An $8.6 billion COVID Debt Levy on big business with payrolls above $10 million a year, landowners and property investors forms the centrepiece of Victoria’s budget to “pay off our COVID credit card”, Treasurer Tim Pallas revealed. auspol

📆 23/05/2023 1:05 a. m.
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The tax slug on around 4000 businesses and 380,000 additional landowners comes on top of the $3 billion Victorian, further hitting major employers including Wesfarmers, Coles, Telstra, BHP and the banks.

and there is no new money in Tuesday’s budget for the $125 billion Suburban Rail Loop or the 2026 Commonwealth Games.

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