Feds should lead the charge on payroll tax reform: ACCI

Original article by Ronald Mizen
The Australian Financial Review – Page: 9 : 6-Jul-21

Payroll tax is consistently one of the most pressing issues for business, according to a survey by the Australian Chamber of Commerce & Industry, and is viewed as an impediment to employment and economic growth. The ACCI has called the federal government to lead the way in its abolition by making up some of the revenue that would be lost by the states and territories if it was scrapped, with the states having levied almost $27 billion in payroll taxes in 2018-19. One possible option to replace money lost by scrapping payroll tax would be for the federal government to increase the GST and diverting the extra money raised back to the states.

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY

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