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Three new Labor taxes celebrate their third birthday

Labor taxes' anniversary.

By Portal Admin - 5th May 2019 - Back to News

On this day three years ago the Andrews Labor Government delivered a budget that slammed Victorians with three new taxes.

One of those new taxes was a $252 million tax grab that was instrumental in closing the Hazelwood power station resulting in sky-rocketing electricity prices for Victorian home owners and businesses.

On 27 April 2016, the Andrews Labor Government's budget included the following three new taxes:

• Absentee landowner surcharge - subsequently tripled in 2017;
• Brown Coal Royalty; and
• Land transfer duty surcharge on foreign buyers of residential property was doubled.

Source: http://gippsland.com/

Published by: support@gippsland.com

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