LNP Payroll Tax Promise a Winner

1 Mar 2012 2:27 PMJann Stuckey

1 March 2012

Local businesses in the Currumbin electorate praised the LNP’s Economic Blueprint and welcomed plans to increase the payroll tax threshold, said LNP Member for Currumbin and Shadow Minister for Small Business, Jann Stuckey MP.

Ms Stuckey and LNP Candidate for Burleigh Michael Hart visited local businesses to gauge their reactions to the LNP’s plans.

“Businesses in Currumbin and Tugun will benefit from the LNP’s plan to increase the payroll tax threshold and slash red tape, opening the door for growth and employment opportunities,” Ms Stuckey said.

“A CanDo LNP Government will expand the payroll tax exemption threshold by $100,000 each year for six years, taking the payroll tax free threshold from $1 million to $1.6 million.

“We have also set a target to cut red tape and regulation in Queensland by 20%.

“Payroll tax and red tape are two of the biggest issues stifling business growth, and the LNP’s promise to address these burdens will help restore business confidence across the state.  

Tugun FoodWorks Manager Kerry Woolacott said payroll tax is a tax on jobs and welcomed the LNP’s plan to increase the threshold.

“I applaud the LNP for putting this in their policy. All businesses are doing it tough at the moment, and anything we can do to relieve the pressure will help,” Mr Woolacott said.

Mr Woolacott also praised the plan to cut red tape by 20%, labeling it a “blessing”.

“We can have 3 different health inspectors coming in, all looking at different areas, and for each one we have to fill in paper work and pay application fees.

“The duplication and inconsistencies are crippling for business,” he said.

Tugun Fruit Market owner Roger Hill said there are a number of factors making it hard for local businesses at the moment, including Labor’s legacy of $85 billion of debt weighing down the state’s economy.
“The LNP initiative to raise the exemption threshold on payroll tax is a positive one which will assist actual and compliance costs for medium-sized businesses in the community,” Mr Hill said.

“It will have a positive impact on employment and will give businesses like ours confidence.”