Monday 19 November 2018
Pallas again confirms new taxes
Tim Pallas has come out of hiding five days before the election to again confirm that there will be new taxes under Labor.
In today’s Australian Financial Review, the Treasurer has confirmed that businesses will be forced to pay new taxes to fund Labor’s $56 billion in unfunded infrastructure promises.
It is now beyond question that the tax plan laid out by Daniel Andrews’ handpicked advisers at Infrastructure Victoria will be Labor’s blueprint for new taxes after the election.
Daniel Andrews will slug commercial properties $21 per square metre and industrial properties $10 per square metre – every year for thirty years, with no exemptions and no deferrals. This will be a massive hit to cash flow and threaten the viability of many family businesses.
- A small 90 square metre café will be charged $1,890 per year, every year for thirty years – with no exemptions and no deferrals.
- A 4000 square metre warehouse will be charged $40,000 per year, every year for thirty years – with no exemptions and no deferrals.
- A 300 square metre GP clinic will be charged $6,300 per year, every year for thirty years – with no exemptions and no deferrals.
- A 100 square metre newsagency will be charged $2,100 per year, every year for thirty years – with no exemptions and no deferrals.
Not only does Daniel Andrews think that small businesses can pay more – he expects them to pay more.
We also know from Labor government documents that they will introduce:
- A tax on the family home of $435 per year – every year for thirty years – with no exemptions and no deferrals;
- A tax of $3,000 on every new apartment;
- Parking taxes at local train station car parks;
- Car rego increases;
- Higher payroll taxes on jobs; and
- Public transport tolls.
When Tim Pallas releases Labor’s costings later this week, he must account for each and every one of Labor’s new taxes – and explain to Victorians exactly how much extra they will pay.
The choice at this election could not be clearer: new taxes under Labor or tax cuts under the Liberal Nationals.