26/03/2024
Good on you Adam Marshall MP. Surely there must be a better way than directly taxing employment. Profit and asset taxing makes sense, taxing businesses for employing people does not.
This makes more sense than the recent plan to extend the tax to contractors, a move that would push up the cost of seeing local GPs.
✍🏼🚫💰BILL INTRODUCED TO ABOLISH PAYROLL TAX IN THE BUSH ✍🏼🚫💰
Last week I introduced legislation into State Parliament to abolish payroll tax throughout rural and regional NSW, ensuring businesses in the bush can grow and thrive without financial penalties.
My Payroll Tax Amendment (Regional NSW Exemption) Bill 2024 will create a special economic zone outside Sydney, Newcastle and Wollongong and everything within that zone will be exempt from paying payroll tax.
Payroll tax is outdated and archaic, costing country businesses millions of dollars each year, just like Terry Rhodes Earthmoving in Armidale.
I’ve been talking to local businesses who are looking to expand, or who are feeling the bite from cost-of-living pressures, and who are enormously tired of government restrictions.
I have long said that payroll tax is a huge burden on businesses, it is a terrible and punitive tax – it is a tax on employment in that the more employees you have the more tax you pay.
NSW’s current payroll tax rate is 5.45 per cent above the threshold of $1.2 million with regional NSW contributing to about 8.2 per cent of total payroll tax revenue.
Country NSW would be the only area in all of Australia where there is no payroll tax liability.
This will undoubtedly result in new businesses relocating from interstate, bring pour regional communities growth and prosperity.
MORE: https://www.adammarshall.com.au/mp-introduces-bill-to-abolish-payroll-tax-for-bush-businesses/
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