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Business says Buswell payroll tax pledge 'not enough' + full video

Western Australia’s business community says a pledge by Troy Buswell at this morning’s debate with Ben Wyatt to increase the payroll tax threshold by $100,000 does not go far enough to ease pressure on companies. (Click through to watch the full debate).

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The budget position of the state government is already precarious due to the volatility of the iron ore price and the dollar on the revenues side and growing expenses due to a swelling population. Reducing payroll tax, one of the main reliable sources of revenue, would cause further deterioation of the state budget position. Indexation of the threshold in line with wage growth may be a viable solution because it at least locks in the proportion of funding derived by the tax to the budget.

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