Na­han prom­ises tax cuts but can’t de­tail fund­ing

Pilbara News - - Election 2017 - Daniel Emer­son

The Lib­eral Party last week com­mit­ted to $80 mil­lion worth of land and pay­roll tax cuts it said would put money in the pock­ets of 11,400 busi­nesses and 20,000 prop­erty own­ers.

But Trea­surer Mike Na­han de­clined to de­tail how it would be paid for with­out bor­row­ing more money. He said the Lib­er­als would de­tail mea­sures to re­duce Gov­ern­ment spend­ing closer to the elec­tion date.

He also com­mit­ted to no new or raised taxes dur­ing the forth­com­ing term.

Dr Na­han, Pre­mier Colin Bar­nett and Small Busi­ness Min­is­ter Sean L’Es­trange un­veiled the pack­age, which also in­cludes $4 mil­lion worth of small busi­ness tech­nol­ogy grants, be­fore a Cham­ber of Commerce and In­dus­try break­fast. Un­der the pay­roll tax changes, the thresh­old would be raised from $850,000 to $900,000 from Jan­uary 1, 2018, sav­ing busi­nesses $55 mil­lion over three years and ex­empt­ing 400 em­ploy­ers from pay­ing it al­to­gether.

The ex­ist­ing land tax ex­emp­tion thresh­old would be raised from $300,001 to $360,000 from July 1, 2018, a sav­ing of about $300, which Dr Na­han said would go a long way for the self­funded re­tirees it was tar­geted at.

CCI WA wel­comed the pledges, say­ing the pay­roll tax gift would cre­ate 450 jobs in “mum and dad busi­nesses” and save prop­erty own­ers up to $7 mil­lion.

But it came un­der fire from shadow trea­surer Ben Wy­att, who ac­cused it of stay­ing silent dur­ing three steep in­creases to land tax un­der the Bar­nett Gov­ern­ment.

Pic­ture: Ian Munro

Trea­surer Mike Na­han at the Cham­ber of Commerce and In­dus­try break­fast last week.

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