Treasurer Ripper outlines the WA government's tax reduction and reform efforts since 2001, highlighting tax cuts, abolished taxes, stamp duty exemptions, land tax reforms, and a comparison of WA's tax rates to other states, while facing interjections from the opposition.

AnsweredQoN 517Legislative Assembly
Asked
25 September 2007
Portfolio
Treasurer

QuestionView source ↗

STATE TAXES
Can the Treasurer outline what the state government has done to reduce and reform state taxes and to help deliver the benefits of a strong economy to Western Australians? Mr E.S. RIPPER

AnswerView source ↗

I am very pleased to answer this question. I begin by saying that the state government collects most of its own source revenue from businesses and investors. That is the case certainly with payroll tax and land tax. Forty per cent of stamp duty comes from businesses and investors. I think it is accurate to say that business investment and business confidence in Western Australia are both at record levels. Our taxes, as a share of our economy, are less than the average of the mainland states. Our taxes amount to 4.11 per cent of our economy. Mr T. Buswell interjected. Mr E.S. RIPPER : They are 4.11 per cent, member for Vasse, whereas the average taxes in the other states is 4.84 per cent. Western Australia has the second lowest level of taxes as a share of our economy compared with the taxes in all the other states. Mr T. Buswell interjected. Mr E.S. RIPPER : It is the measure used by Richard Court and Peter Costello. In hindsight, Richard Court was a wise man, at least in this particular respect. There have been five rounds of tax cuts since 2004. We have abolished or committed to abolish 11 taxes since 2001. In the last budget, we introduced the most generous stamp duty exemptions in the nation for first home buyers. We substantially reformed land tax. Mr T. Buswell : You did not. Mr E.S. RIPPER : We have exempted 80 000 taxpayers from land tax who would otherwise have been required to pay that tax. We have introduced land tax exemption for private aged care providers. We have reduced stamp duty on motor vehicles. We have a single rate of stamp duty now for heavy vehicles and we have exempted caravans and camper trailers from stamp duty. There were six measures in the last budget combined with the measures in the four previous rounds of tax relief. That is a $7.4 billion benefit over the seven years from 2004 to 2010-11. That is $7.4 billion worth of tax relief over those five rounds of tax cuts over those seven years. We are delivering the second lowest tax rates in the country along with a record infrastructure program and record low debt. That is a great trifecta for the government of Western Australia. Not only are we reducing taxes and not only are our tax rates the second lowest in the country, but also we have significantly reformed the taxation laws. We have rewritten every taxation law except the Stamp Act, and we are about to rewrite the Stamp Act. We have produced fairer and more efficient tax laws, which are less costly to administer and less costly for business to comply with. It is a very substantial record of tax relief and tax reform to go with our booming economy. The DEPUTY SPEAKER : The member for Vasse may not like the answer but it is unparliamentary to try to shout down the minister as he is giving his response to those who are interested. The member for Vasse is therefore called to order under the standing orders.
Mr E.S. RIPPER replied: I am very pleased to answer this question. I begin by saying that the state government collects most of its own source revenue from businesses and investors. That is the case certainly with payroll tax and land tax. Forty per cent of stamp duty comes from businesses and investors. I think it is accurate to say that business investment and business confidence in Western Australia are both at record levels. Our taxes, as a share of our economy, are less than the average of the mainland states. Our taxes amount to 4.11 per cent of our economy. Mr T. Buswell interjected. Mr E.S. RIPPER : They are 4.11 per cent, member for Vasse, whereas the average taxes in the other states is 4.84 per cent. Western Australia has the second lowest level of taxes as a share of our economy compared with the taxes in all the other states. Mr T. Buswell interjected. Mr E.S. RIPPER : It is the measure used by Richard Court and Peter Costello. In hindsight, Richard Court was a wise man, at least in this particular respect. There have been five rounds of tax cuts since 2004. We have abolished or committed to abolish 11 taxes since 2001. In the last budget, we introduced the most generous stamp duty exemptions in the nation for first home buyers. We substantially reformed land tax. Mr T. Buswell : You did not. Mr E.S. RIPPER : We have exempted 80 000 taxpayers from land tax who would otherwise have been required to pay that tax. We have introduced land tax exemption for private aged care providers. We have reduced stamp duty on motor vehicles. We have a single rate of stamp duty now for heavy vehicles and we have exempted caravans and camper trailers from stamp duty. There were six measures in the last budget combined with the measures in the four previous rounds of tax relief. That is a $7.4 billion benefit over the seven years from 2004 to 2010-11. That is $7.4 billion worth of tax relief over those five rounds of tax cuts over those seven years. We are delivering the second lowest tax rates in the country along with a record infrastructure program and record low debt. That is a great trifecta for the government of Western Australia. Not only are we reducing taxes and not only are our tax rates the second lowest in the country, but also we have significantly reformed the taxation laws. We have rewritten every taxation law except the Stamp Act, and we are about to rewrite the Stamp Act. We have produced fairer and more efficient tax laws, which are less costly to administer and less costly for business to comply with. It is a very substantial record of tax relief and tax reform to go with our booming economy. The DEPUTY SPEAKER : The member for Vasse may not like the answer but it is unparliamentary to try to shout down the minister as he is giving his response to those who are interested. The member for Vasse is therefore called to order under the standing orders.
I am very pleased to answer this question. I begin by saying that the state government collects most of its own source revenue from businesses and investors. That is the case certainly with payroll tax and land tax. Forty per cent of stamp duty comes from businesses and investors. I think it is accurate to say that business investment and business confidence in Western Australia are both at record levels. Our taxes, as a share of our economy, are less than the average of the mainland states. Our taxes amount to 4.11 per cent of our economy. Mr T. Buswell interjected. Mr E.S. RIPPER : They are 4.11 per cent, member for Vasse, whereas the average taxes in the other states is 4.84 per cent. Western Australia has the second lowest level of taxes as a share of our economy compared with the taxes in all the other states. Mr T. Buswell interjected. Mr E.S. RIPPER : It is the measure used by Richard Court and Peter Costello. In hindsight, Richard Court was a wise man, at least in this particular respect. There have been five rounds of tax cuts since 2004. We have abolished or committed to abolish 11 taxes since 2001. In the last budget, we introduced the most generous stamp duty exemptions in the nation for first home buyers. We substantially reformed land tax. Mr T. Buswell : You did not. Mr E.S. RIPPER : We have exempted 80 000 taxpayers from land tax who would otherwise have been required to pay that tax. We have introduced land tax exemption for private aged care providers. We have reduced stamp duty on motor vehicles. We have a single rate of stamp duty now for heavy vehicles and we have exempted caravans and camper trailers from stamp duty. There were six measures in the last budget combined with the measures in the four previous rounds of tax relief. That is a $7.4 billion benefit over the seven years from 2004 to 2010-11. That is $7.4 billion worth of tax relief over those five rounds of tax cuts over those seven years. We are delivering the second lowest tax rates in the country along with a record infrastructure program and record low debt. That is a great trifecta for the government of Western Australia. Not only are we reducing taxes and not only are our tax rates the second lowest in the country, but also we have significantly reformed the taxation laws. We have rewritten every taxation law except the Stamp Act, and we are about to rewrite the Stamp Act. We have produced fairer and more efficient tax laws, which are less costly to administer and less costly for business to comply with. It is a very substantial record of tax relief and tax reform to go with our booming economy. The DEPUTY SPEAKER : The member for Vasse may not like the answer but it is unparliamentary to try to shout down the minister as he is giving his response to those who are interested. The member for Vasse is therefore called to order under the standing orders.
Mr T. Buswell interjected. Mr E.S. RIPPER : They are 4.11 per cent, member for Vasse, whereas the average taxes in the other states is 4.84 per cent. Western Australia has the second lowest level of taxes as a share of our economy compared with the taxes in all the other states. Mr T. Buswell interjected. Mr E.S. RIPPER : It is the measure used by Richard Court and Peter Costello. In hindsight, Richard Court was a wise man, at least in this particular respect. There have been five rounds of tax cuts since 2004. We have abolished or committed to abolish 11 taxes since 2001. In the last budget, we introduced the most generous stamp duty exemptions in the nation for first home buyers. We substantially reformed land tax. Mr T. Buswell : You did not. Mr E.S. RIPPER : We have exempted 80 000 taxpayers from land tax who would otherwise have been required to pay that tax. We have introduced land tax exemption for private aged care providers. We have reduced stamp duty on motor vehicles. We have a single rate of stamp duty now for heavy vehicles and we have exempted caravans and camper trailers from stamp duty. There were six measures in the last budget combined with the measures in the four previous rounds of tax relief. That is a $7.4 billion benefit over the seven years from 2004 to 2010-11. That is $7.4 billion worth of tax relief over those five rounds of tax cuts over those seven years. We are delivering the second lowest tax rates in the country along with a record infrastructure program and record low debt. That is a great trifecta for the government of Western Australia. Not only are we reducing taxes and not only are our tax rates the second lowest in the country, but also we have significantly reformed the taxation laws. We have rewritten every taxation law except the Stamp Act, and we are about to rewrite the Stamp Act. We have produced fairer and more efficient tax laws, which are less costly to administer and less costly for business to comply with. It is a very substantial record of tax relief and tax reform to go with our booming economy. The DEPUTY SPEAKER : The member for Vasse may not like the answer but it is unparliamentary to try to shout down the minister as he is giving his response to those who are interested. The member for Vasse is therefore called to order under the standing orders.
Mr E.S. RIPPER : They are 4.11 per cent, member for Vasse, whereas the average taxes in the other states is 4.84 per cent. Western Australia has the second lowest level of taxes as a share of our economy compared with the taxes in all the other states. Mr T. Buswell interjected. Mr E.S. RIPPER : It is the measure used by Richard Court and Peter Costello. In hindsight, Richard Court was a wise man, at least in this particular respect. There have been five rounds of tax cuts since 2004. We have abolished or committed to abolish 11 taxes since 2001. In the last budget, we introduced the most generous stamp duty exemptions in the nation for first home buyers. We substantially reformed land tax. Mr T. Buswell : You did not. Mr E.S. RIPPER : We have exempted 80 000 taxpayers from land tax who would otherwise have been required to pay that tax. We have introduced land tax exemption for private aged care providers. We have reduced stamp duty on motor vehicles. We have a single rate of stamp duty now for heavy vehicles and we have exempted caravans and camper trailers from stamp duty. There were six measures in the last budget combined with the measures in the four previous rounds of tax relief. That is a $7.4 billion benefit over the seven years from 2004 to 2010-11. That is $7.4 billion worth of tax relief over those five rounds of tax cuts over those seven years. We are delivering the second lowest tax rates in the country along with a record infrastructure program and record low debt. That is a great trifecta for the government of Western Australia. Not only are we reducing taxes and not only are our tax rates the second lowest in the country, but also we have significantly reformed the taxation laws. We have rewritten every taxation law except the Stamp Act, and we are about to rewrite the Stamp Act. We have produced fairer and more efficient tax laws, which are less costly to administer and less costly for business to comply with. It is a very substantial record of tax relief and tax reform to go with our booming economy. The DEPUTY SPEAKER : The member for Vasse may not like the answer but it is unparliamentary to try to shout down the minister as he is giving his response to those who are interested. The member for Vasse is therefore called to order under the standing orders.
Mr T. Buswell interjected. Mr E.S. RIPPER : It is the measure used by Richard Court and Peter Costello. In hindsight, Richard Court was a wise man, at least in this particular respect. There have been five rounds of tax cuts since 2004. We have abolished or committed to abolish 11 taxes since 2001. In the last budget, we introduced the most generous stamp duty exemptions in the nation for first home buyers. We substantially reformed land tax. Mr T. Buswell : You did not. Mr E.S. RIPPER : We have exempted 80 000 taxpayers from land tax who would otherwise have been required to pay that tax. We have introduced land tax exemption for private aged care providers. We have reduced stamp duty on motor vehicles. We have a single rate of stamp duty now for heavy vehicles and we have exempted caravans and camper trailers from stamp duty. There were six measures in the last budget combined with the measures in the four previous rounds of tax relief. That is a $7.4 billion benefit over the seven years from 2004 to 2010-11. That is $7.4 billion worth of tax relief over those five rounds of tax cuts over those seven years. We are delivering the second lowest tax rates in the country along with a record infrastructure program and record low debt. That is a great trifecta for the government of Western Australia. Not only are we reducing taxes and not only are our tax rates the second lowest in the country, but also we have significantly reformed the taxation laws. We have rewritten every taxation law except the Stamp Act, and we are about to rewrite the Stamp Act. We have produced fairer and more efficient tax laws, which are less costly to administer and less costly for business to comply with. It is a very substantial record of tax relief and tax reform to go with our booming economy. The DEPUTY SPEAKER : The member for Vasse may not like the answer but it is unparliamentary to try to shout down the minister as he is giving his response to those who are interested. The member for Vasse is therefore called to order under the standing orders.
Mr E.S. RIPPER : It is the measure used by Richard Court and Peter Costello. In hindsight, Richard Court was a wise man, at least in this particular respect. There have been five rounds of tax cuts since 2004. We have abolished or committed to abolish 11 taxes since 2001. In the last budget, we introduced the most generous stamp duty exemptions in the nation for first home buyers. We substantially reformed land tax. Mr T. Buswell : You did not. Mr E.S. RIPPER : We have exempted 80 000 taxpayers from land tax who would otherwise have been required to pay that tax. We have introduced land tax exemption for private aged care providers. We have reduced stamp duty on motor vehicles. We have a single rate of stamp duty now for heavy vehicles and we have exempted caravans and camper trailers from stamp duty. There were six measures in the last budget combined with the measures in the four previous rounds of tax relief. That is a $7.4 billion benefit over the seven years from 2004 to 2010-11. That is $7.4 billion worth of tax relief over those five rounds of tax cuts over those seven years. We are delivering the second lowest tax rates in the country along with a record infrastructure program and record low debt. That is a great trifecta for the government of Western Australia. Not only are we reducing taxes and not only are our tax rates the second lowest in the country, but also we have significantly reformed the taxation laws. We have rewritten every taxation law except the Stamp Act, and we are about to rewrite the Stamp Act. We have produced fairer and more efficient tax laws, which are less costly to administer and less costly for business to comply with. It is a very substantial record of tax relief and tax reform to go with our booming economy. The DEPUTY SPEAKER : The member for Vasse may not like the answer but it is unparliamentary to try to shout down the minister as he is giving his response to those who are interested. The member for Vasse is therefore called to order under the standing orders.
Mr T. Buswell : You did not. Mr E.S. RIPPER : We have exempted 80 000 taxpayers from land tax who would otherwise have been required to pay that tax. We have introduced land tax exemption for private aged care providers. We have reduced stamp duty on motor vehicles. We have a single rate of stamp duty now for heavy vehicles and we have exempted caravans and camper trailers from stamp duty. There were six measures in the last budget combined with the measures in the four previous rounds of tax relief. That is a $7.4 billion benefit over the seven years from 2004 to 2010-11. That is $7.4 billion worth of tax relief over those five rounds of tax cuts over those seven years. We are delivering the second lowest tax rates in the country along with a record infrastructure program and record low debt. That is a great trifecta for the government of Western Australia. Not only are we reducing taxes and not only are our tax rates the second lowest in the country, but also we have significantly reformed the taxation laws. We have rewritten every taxation law except the Stamp Act, and we are about to rewrite the Stamp Act. We have produced fairer and more efficient tax laws, which are less costly to administer and less costly for business to comply with. It is a very substantial record of tax relief and tax reform to go with our booming economy. The DEPUTY SPEAKER : The member for Vasse may not like the answer but it is unparliamentary to try to shout down the minister as he is giving his response to those who are interested. The member for Vasse is therefore called to order under the standing orders.
Mr E.S. RIPPER : We have exempted 80 000 taxpayers from land tax who would otherwise have been required to pay that tax. We have introduced land tax exemption for private aged care providers. We have reduced stamp duty on motor vehicles. We have a single rate of stamp duty now for heavy vehicles and we have exempted caravans and camper trailers from stamp duty. There were six measures in the last budget combined with the measures in the four previous rounds of tax relief. That is a $7.4 billion benefit over the seven years from 2004 to 2010-11. That is $7.4 billion worth of tax relief over those five rounds of tax cuts over those seven years. We are delivering the second lowest tax rates in the country along with a record infrastructure program and record low debt. That is a great trifecta for the government of Western Australia. Not only are we reducing taxes and not only are our tax rates the second lowest in the country, but also we have significantly reformed the taxation laws. We have rewritten every taxation law except the Stamp Act, and we are about to rewrite the Stamp Act. We have produced fairer and more efficient tax laws, which are less costly to administer and less costly for business to comply with. It is a very substantial record of tax relief and tax reform to go with our booming economy. The DEPUTY SPEAKER : The member for Vasse may not like the answer but it is unparliamentary to try to shout down the minister as he is giving his response to those who are interested. The member for Vasse is therefore called to order under the standing orders.
The DEPUTY SPEAKER : The member for Vasse may not like the answer but it is unparliamentary to try to shout down the minister as he is giving his response to those who are interested. The member for Vasse is therefore called to order under the standing orders.

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