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Chamber petition puts pressure on Labor over payroll tax

Release Date: 15/01/2019
The NSW Business Chamber has launched an online petition calling on NSW Labor leader Michael Daley to reverse his plan to axe payroll tax concessions for small business.
Labor’s plan to reverse the lifting of the payroll tax threshold will penalise hundreds of small businesses in the Hunter region and discourage employers from putting on new staff, Hunter Business Chamber CEO Bob Hawes said. The NSW Government committed in the 2018-19 State Budget to lifting payroll tax from $750,000 to $1 million by 2021-22, following strong advocacy from the Chamber. But Mr Daley vowed before Christmas to reverse the promised payroll tax relief for small businesses, should he be elected Premier in March.
“There are currently over 400 small businesses in the Hunter that won’t receive the promised payroll tax relief if a future Labor government reneges on the Budget commitment,” Mr Hawes said.
“These are typically local businesses run by owner operators with around 10 to 12 full-time-equivalent staff on the average wage. It might be a partnership of three or four professionals supported by a small number of administrative staff, a light industrial firm, or a family restaurant with half a dozen permanent employees and a roster of casuals and part-timers.
“Payroll tax, particularly for those businesses sitting close to the threshold, penalises a business for taking on additional employees, while also increasing compliance costs by around $10,000 per year.”
The Chamber, through its Keeping NSW Number 1 campaign, is calling on Mr Daley to reverse his plan and urging businesses and community members to sign the Jobs Tax petition at
“Securing the commitment to lift the payroll tax threshold was a hard-fought campaign run by the 200 Local Chambers of Commerce across NSW. These communities know first-hand the impact of this tax on their communities and particularly on the plight of young job seekers,” Mr Hawes said.
“At a time of considerable economic and business uncertainty, it is critical that governments and oppositions across the country look at measures to support jobs growth and small businesses. Punishing small and family businesses for hiring additional staff just doesn’t make sense.”

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