29 January 2009

Member for Lismore, Thomas George MP has given his strong support for a proposal to cut NSW payroll tax by 15 per cent.

“As a representative of an electorate bordering Queensland, I know only too well the challenges faced by Northern NSW small business trying to compete with lower payroll taxes over the border in Queensland,” Mr George said.

“In the face of global financial conditions, local small businesses are in desperate need of a break. A 15 per cent cut in payroll tax for 2009, like the one being proposed by the NSW Liberal/National Coalition is a practical way to ease the pressures for NSW’s businesses and their employees.”

Mr George said lowering taxes was one way to make NSW more attractive for investment, especially where businesses were operating close to the border.

“A typical NSW business facing payroll tax bills 13% higher than the national average and a 15 per cent across-the-board cut would reduce NSW’s effective payroll tax rate to 4.89 per cent making it one of the lowest in the nation and would help protect jobs and the families that rely on them,” he said.

Mr George said he supported calls for the State Labor Government to adopt the Coalition’s payroll tax proposal as one way to support families and business through these tough times.

“Nathan Rees and Eric Roonzendaal have tried to wash their hands of this problem, but the NSW Liberal/Nationals say today the State Government has a role to play in helping us through this crisis.

Contact Details:

Office: 55 Carrington Street  LISMORE
Postal: PO Box 52  LISMORE  NSW  2480
Telephone: 1800 336 166 or 02 6621 3624
Facsimile: 02 6622 1403  Email: lismore@parliament.nsw.gov.au

Authorised by Thomas George MP. Funded using Parliamentary entitlements.