среда, 29 февраля 2012 г.

NSW: Calls for lighter tax burden for NSW businesses


AAP General News (Australia)
12-14-2007
NSW: Calls for lighter tax burden for NSW businesses

SYDNEY, Dec 14 AAP - NSW-based small businesses are paying almost 10 times as much
in state taxes as their Queensland counterparts, the NSW Business Chamber says.

A 12-employee firm in Sydney pays approximately $25,600 in state taxes, compared with
only $2,600 by a Brisbane business of similar size, according to modelling carried out
by the chamber.

The business lobby group today focused on the comparison in its presentation to the
Independent Pricing and Regulatory Tribunal, which is currently reviewing the NSW government's
taxation.

"Small businesses in NSW are carrying a heavy taxation burden - and are doing so in
part because NSW is subsidising Queensland," chamber chief executive Kevin MacDonald said.

"We are also concerned about the over-reliance on payroll tax in NSW compared to other states.

"According to the 2007-08 NSW Budget, payroll tax collections will increase a further
20 per cent over the next three years."

NSW has the highest state payroll tax rate in Australia at six per cent, compared with
5.05 per cent in Victoria and 4.75 per cent in Queensland.

The chamber's submission calls for the NSW governments to embark on a three-year program
that would reduce the payroll tax rate to 5.25 per cent.

It also has called on the NSW government to pressure the new federal government to
review the GST agreement to make it simpler and fairer on NSW.

"In 2005-06, the commonwealth grants commission redistributed $2.2 billion away from
NSW," Mr Macdonald said.

"NSW businesses are paying higher taxes, which are being used to subsidise Queensland residents."

AAP nr/was/jl/bwl

KEYWORD: TAX CHAMBER

2007 AAP Information Services Pty Limited (AAP) or its Licensors.

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