Category: Victorian budget

Victorians to Bear Australia’ Heaviest Property Taxes

July 10, 2023
AustraliaBusiness & MarketsCOVID-19Global Real Estatepublic debtreal estateVictorian budgetWorld
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Victorian homeowners will be hit with the heaviest property tax in Australia from the 2023-2024 financial year onward as the state Labor government carries out its COVID-19 debt repayment plan. According to a new report by the Victorian Parliamentary Budget Office, Victorians will need to pay an estimated property tax (land transfer duty plus land tax)…

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Religious Schools Oppose Victorian Government’s Plan to Impose Payroll Tax

June 2, 2023
AustraliaBusiness & MarketsCCP Virusdaniel andrewseconomic policiespayroll taxVictorian budgetWorld
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Religious and independent schools in the Australian state of Victoria are opposing a new revenue-raising policy compelling many local education providers to pay payroll tax. In the 2023-2024 state budget, the Victorian Labor government proposed to remove the payroll tax exemption for non-government schools with high tuition fees to raise money to help repay the…

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Former MP Says Victorian Budget a Disaster for Local Businesses

May 23, 2023
AustraliaBusiness & Marketseconomic policiesNeil AngusTim PallasVictorian budgetWorld
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Former Victorian Liberal MP Neil Angus has criticised the Labor government for introducing a new round of taxes targeting large businesses and landowners in the 2023-2024 state budget to repay COVID-19 debts.  The new taxes are part of the measures introduced by the Victorian Labor government to address the $31.5 billion (US$20.9 billion) debt incurred…

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