❓ Mr Barron-Sullivan asks the Treasurer about reducing stamp duty on international travel insurance. The Treasurer's response is non-committal, deferring to the upcoming budget announcement and focusing on equitable enforcement of existing laws.
AnsweredQoN 195Legislative Assembly
QuestionView source ↗
Will the Treasurer reduce the tax burden of stamp duty on international travel insurance policies? Mr E.S. RIPPER
AnswerView source ↗
I have said right from the beginning of this budgetary process that targeted tax relief is one of the Government’s priorities, provided of course that the State can afford it. The way in which the Government has balanced the taxation burden on the community with the service needs of the community will be revealed on 6 May. We have not changed the law, neither have we changed the interpretation of the law on stamp duty on insurance. Some companies have been paying according to that law and others have not. The Office of State Revenue is simply seeking to enforce the law equitably between different players in the same market.
Mr E.S. RIPPER replied: I have said right from the beginning of this budgetary process that targeted tax relief is one of the Government’s priorities, provided of course that the State can afford it. The way in which the Government has balanced the taxation burden on the community with the service needs of the community will be revealed on 6 May. We have not changed the law, neither have we changed the interpretation of the law on stamp duty on insurance. Some companies have been paying according to that law and others have not. The Office of State Revenue is simply seeking to enforce the law equitably between different players in the same market.
I have said right from the beginning of this budgetary process that targeted tax relief is one of the Government’s priorities, provided of course that the State can afford it. The way in which the Government has balanced the taxation burden on the community with the service needs of the community will be revealed on 6 May. We have not changed the law, neither have we changed the interpretation of the law on stamp duty on insurance. Some companies have been paying according to that law and others have not. The Office of State Revenue is simply seeking to enforce the law equitably between different players in the same market.
Mr E.S. RIPPER replied: I have said right from the beginning of this budgetary process that targeted tax relief is one of the Government’s priorities, provided of course that the State can afford it. The way in which the Government has balanced the taxation burden on the community with the service needs of the community will be revealed on 6 May. We have not changed the law, neither have we changed the interpretation of the law on stamp duty on insurance. Some companies have been paying according to that law and others have not. The Office of State Revenue is simply seeking to enforce the law equitably between different players in the same market.
I have said right from the beginning of this budgetary process that targeted tax relief is one of the Government’s priorities, provided of course that the State can afford it. The way in which the Government has balanced the taxation burden on the community with the service needs of the community will be revealed on 6 May. We have not changed the law, neither have we changed the interpretation of the law on stamp duty on insurance. Some companies have been paying according to that law and others have not. The Office of State Revenue is simply seeking to enforce the law equitably between different players in the same market.
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