Labor hits voters with new taxes

Original article by Mark Ludlow
The Australian Financial Review – Page: 10 : 24-Nov-17

Queensland Treasurer Curtis Pitt released details of four new or increased taxes on 23 November, just two days before that state’s election. The taxes, which include a new tax on luxury cars and an increase in the transfer duty surcharge imposed on overseas buyers of property, are due to come into effect in June 2018. They are aimed at helping to fund the $A2.8 billion worth of commitments that Labor has announced during the election campaign, but Liberal National Party treasury spokesman Scott Emerson says boosting taxes is not the way to grow the Queensland economy.

CORPORATES
QUEENSLAND. TREASURY, AUSTRALIAN LABOR PARTY, LIBERAL-NATIONAL PARTY OF QUEENSLAND, TATTS GROUP LIMITED – ASX TTS, PROPERTY COUNCIL OF QUEENSLAND

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