Shadow Treasurer Mike Baird today met with members of the Central Coast business community to discuss the local employment opportunities that would result from the NSW Liberals/Nationals proposal to cut payroll tax by up to 20% this financial year.
“I know many people on the Central Coast are doing it tough and the high rate of payroll tax in NSW makes it hard for businesses to keep workers in their jobs, let alone create new jobs,” Mr Baird said.
“In the month of July alone, 9,900 people in the Gosford-Wyong region became unemployed* – that’s around 320 a day.
“Despite a small improvement in the overall unemployment statistics, these figures show many families are still suffering on the Central Coast.
“That’s why the Liberals/Nationals has proposed to cut payroll tax by 15% over this financial year, with an additional 5% off in areas of high unemployment such as on the Central Coast.”
Mr Baird today met with the Central Coast branch of the NSW Business Chamber and visited ACS Security in Erina, which is a business heavily burdened by payroll tax.
“In these uncertain times, businesses need positive and practical plans from Government so they can prevent job losses and boost conditions for local families.
“The Treasurer Eric Roozendaal likes to talk about the ‘green shoots’ he sees appearing but people know it is his Government that scorched the earth to begin with.
“Local employers would be able to deliver more jobs to families on the Central Coast if the Rees Labor Government adopted our payroll tax plan.
“We are urging the Treasurer to adopt our pro-jobs measure as one way to support families and businesses on the Central Coast through these difficult times,” he said.
MEDIA: Lisa Harrington - 0406 726 880
*Australian Bureau of Statistics 6291.0.55.001 Labour Force, Australia, Table 16
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Comments (1)
NSW Payroll Tax Reduction
The reduction of NSW payroll tax makes good economic sense. It will stimulate activity by encouraging one key driver of economic growth in small to medium size enterprise. Reduction in payroll taxes won’t require any additional administrative effort on behalf of business and doesn’t distort resource allocation decisions like grants and subsidies can. The ONLY downside is that K Rudd collects the additional income tax who will either: 1) spend it on more of his overseas trips or 2) give a large percentage to the other states under the crazy Federal-State funding arrangement!
