Business Celebrates Payroll Tax Wins as Resources Boost Queensland Budget: CCIQ

Tuesday 11 June, 2019 | By: Dan Petrie

Business Celebrates Payroll Tax Wins as Resources Boost Queensland Budget: CCIQ

Queensland Treasurer Jackie Trad’s second state budget has a championed a growth narrative around infrastructure and small business payroll tax relief despite questions over the state’s longer term borrowings remaining a concern.

 The Chamber of Commerce and Industry Queensland (CCIQ) is pleased to see the government has listened to CCIQ’s key policy submission on relief of payroll tax seeing the threshold lift from 1.1 million to 1.3 million complementing infrastructure spending in the South East Queensland the corner as well as the delivery of an extensive capital works program across regional areas.

 Head of Media at CCIQ, Dan Petrie said the move on payroll tax reflects a concerted effort from Chambers of Commerce throughout the state and urged the government to look for more savings within the budget so as to bring down debt and invest in the local economy.

 “Payroll tax relief for small business in terms of a threshold increase is absolutely crucial in boosting employment whilst the discount for regional areas recognises the need to lift confidence in the private sector.

 “Big ticket infrastructure items are obvious positives in terms of elevated economic activity and the rebates for continuing apprentices and trainees are cash flow positive for the SME sector.

 “The government’s budgetary challenges are still significant with funds for investment in the wider economy becoming harder to find with 40% over the state’s recurrent expenditure allocated public service expenses.

 

Media Contact

Dan Petrie
Media and Communications – Economy and Government
Chamber of Commerce and Industry Queensland
Ph No: 07 3192 0120 (Landline)
Dan Petrie -Mobile: 0408 919 767
Email: dpetrie@cciq.com.au

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