Victorian Treasurer Tim Pallas has promised a path back to surplus as he prepares to reveal the state's post-pandemic budget. He has predicted smaller deficits over the next four years following the federal government's big spending response.
The improvement to the state’s balance sheet has been credited in part to the red-hot property market, higher than anticipated GST revenue government plans to forge ahead with plans to raise $2.4 billion in land taxes. The proposal would see stamp duty increase by one per cent for properties which sell for more than $2 million. Mr Pallas says the initiative is a chance for those who have done well to help those who have not during the pandemic.
timpallas It is sad that Labor has given up protecting the poor and ordinary workers. They could have taxed those who profited from the pandemic but no, chose to go after demographics that can't fight back.
timpallas Create problem / use hardworking law-abiding taxpayers money to fix problem whilst our GLOBALIST GOVERNMENTS on both sides of politics have sold our basic human rights for the almighty $$ ! We all now this was never about our health so hopefully jail time coming soon. LoL