Mr. Barron-Sullivan questions the Treasurer about payroll and land tax rates and thresholds, seeking assurance they won't increase and will be adjusted to avoid bracket creep. The Treasurer declines to confirm or deny any budget measures, highlighting existing tax cuts for small business.

AnsweredQoN 344Legislative Assembly
Asked
11 September 2001
Portfolio
Treasurer

QuestionView source ↗

TAXES, PAYROLL AND LAND 344. Mr BARRON-SULLIVAN to the Treasurer: I remind the Treasurer that during the coalition’s term of government, it almost doubled the tax-free threshold for payroll tax, thereby freeing thousands of small businesses from that burden. I refer also to the fact that land taxes were cut, and that the threshold for land tax was adjusted annually to prevent a land tax bill from blowing out due to land revaluations. (1) Will the Treasurer confirm that he will not increase the rates of payroll and land tax in this year’s budget? (2) Will the Treasurer also confirm that he will adjust the tax-free threshold for payroll tax and land tax so as not to further burden taxpayers through bracket creep? Mr RIPPER

AnswerView source ↗

(1)-(2) At this stage, I will not confirm or deny the revenue measures that will be in the budget. The Opposition can turn up here at two o’clock on Thursday and get the full story. I remind the Opposition of two measures that have already been implemented and which constitute tax cuts for small business. One measure was the tax cut to stamp duty on workers compensation insurance premiums, which came into effect on 30 June and cut the rate from five per cent to three per cent. The second measure was the cut from five per cent to 4.5 per cent in the Totalisator Agency Board turnover tax, which was implemented by way of rebate. Small business now generally pays less stamp duty on workers compensation insurance premiums and small business in the racing industry has benefited from the effective cut in the TAB turnover tax. The Government has been conscious of the way in which the goods and services tax has affected business, and small business in particular. It has also been conscious of the need to preserve Western Australia’s tax competitiveness and of the different capacity of people to pay for additional revenue.
TAXES, PAYROLL AND LAND
I remind the Treasurer that during the coalition’s term of government, it almost doubled the tax-free threshold for payroll tax, thereby freeing thousands of small businesses from that burden. I refer also to the fact that land taxes were cut, and that the threshold for land tax was adjusted annually to prevent a land tax bill from blowing out due to land revaluations. (1) Will the Treasurer confirm that he will not increase the rates of payroll and land tax in this year’s budget? (2) Will the Treasurer also confirm that he will adjust the tax-free threshold for payroll tax and land tax so as not to further burden taxpayers through bracket creep? Mr RIPPER replied: (1)-(2) At this stage, I will not confirm or deny the revenue measures that will be in the budget. The Opposition can turn up here at two o’clock on Thursday and get the full story. I remind the Opposition of two measures that have already been implemented and which constitute tax cuts for small business. One measure was the tax cut to stamp duty on workers compensation insurance premiums, which came into effect on 30 June and cut the rate from five per cent to three per cent. The second measure was the cut from five per cent to 4.5 per cent in the Totalisator Agency Board turnover tax, which was implemented by way of rebate. Small business now generally pays less stamp duty on workers compensation insurance premiums and small business in the racing industry has benefited from the effective cut in the TAB turnover tax. The Government has been conscious of the way in which the goods and services tax has affected business, and small business in particular. It has also been conscious of the need to preserve Western Australia’s tax competitiveness and of the different capacity of people to pay for additional revenue.
(1) Will the Treasurer confirm that he will not increase the rates of payroll and land tax in this year’s budget? (2) Will the Treasurer also confirm that he will adjust the tax-free threshold for payroll tax and land tax so as not to further burden taxpayers through bracket creep? Mr RIPPER replied: (1)-(2) At this stage, I will not confirm or deny the revenue measures that will be in the budget. The Opposition can turn up here at two o’clock on Thursday and get the full story. I remind the Opposition of two measures that have already been implemented and which constitute tax cuts for small business. One measure was the tax cut to stamp duty on workers compensation insurance premiums, which came into effect on 30 June and cut the rate from five per cent to three per cent. The second measure was the cut from five per cent to 4.5 per cent in the Totalisator Agency Board turnover tax, which was implemented by way of rebate. Small business now generally pays less stamp duty on workers compensation insurance premiums and small business in the racing industry has benefited from the effective cut in the TAB turnover tax. The Government has been conscious of the way in which the goods and services tax has affected business, and small business in particular. It has also been conscious of the need to preserve Western Australia’s tax competitiveness and of the different capacity of people to pay for additional revenue.
(2) Will the Treasurer also confirm that he will adjust the tax-free threshold for payroll tax and land tax so as not to further burden taxpayers through bracket creep? Mr RIPPER replied: (1)-(2) At this stage, I will not confirm or deny the revenue measures that will be in the budget. The Opposition can turn up here at two o’clock on Thursday and get the full story. I remind the Opposition of two measures that have already been implemented and which constitute tax cuts for small business. One measure was the tax cut to stamp duty on workers compensation insurance premiums, which came into effect on 30 June and cut the rate from five per cent to three per cent. The second measure was the cut from five per cent to 4.5 per cent in the Totalisator Agency Board turnover tax, which was implemented by way of rebate. Small business now generally pays less stamp duty on workers compensation insurance premiums and small business in the racing industry has benefited from the effective cut in the TAB turnover tax. The Government has been conscious of the way in which the goods and services tax has affected business, and small business in particular. It has also been conscious of the need to preserve Western Australia’s tax competitiveness and of the different capacity of people to pay for additional revenue.
Mr RIPPER replied: (1)-(2) At this stage, I will not confirm or deny the revenue measures that will be in the budget. The Opposition can turn up here at two o’clock on Thursday and get the full story. I remind the Opposition of two measures that have already been implemented and which constitute tax cuts for small business. One measure was the tax cut to stamp duty on workers compensation insurance premiums, which came into effect on 30 June and cut the rate from five per cent to three per cent. The second measure was the cut from five per cent to 4.5 per cent in the Totalisator Agency Board turnover tax, which was implemented by way of rebate. Small business now generally pays less stamp duty on workers compensation insurance premiums and small business in the racing industry has benefited from the effective cut in the TAB turnover tax. The Government has been conscious of the way in which the goods and services tax has affected business, and small business in particular. It has also been conscious of the need to preserve Western Australia’s tax competitiveness and of the different capacity of people to pay for additional revenue.
(1)-(2) At this stage, I will not confirm or deny the revenue measures that will be in the budget. The Opposition can turn up here at two o’clock on Thursday and get the full story. I remind the Opposition of two measures that have already been implemented and which constitute tax cuts for small business. One measure was the tax cut to stamp duty on workers compensation insurance premiums, which came into effect on 30 June and cut the rate from five per cent to three per cent. The second measure was the cut from five per cent to 4.5 per cent in the Totalisator Agency Board turnover tax, which was implemented by way of rebate. Small business now generally pays less stamp duty on workers compensation insurance premiums and small business in the racing industry has benefited from the effective cut in the TAB turnover tax. The Government has been conscious of the way in which the goods and services tax has affected business, and small business in particular. It has also been conscious of the need to preserve Western Australia’s tax competitiveness and of the different capacity of people to pay for additional revenue.

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