News

Media Releases

Pallas again admits new taxes under Labor

Thursday, 15 November 2018

Tim Pallas might be in witness protection, but he has again confirmed that Labor will introduce new taxes to pay for their unfunded $56 billion infrastructure promises.

In a costing request for their unfunded Suburban Rail Loop submitted to the Department of Treasury and Finance just this week, Tim Pallas has said:

State, Commonwealth and private sector contributions, as well as value capture opportunities, will be required to fund the project.

(Source: Australian Labor Party costing request – Underground Suburban Rail Loop to connect Victoria)

Make no mistake – value capture is simply Labor’s code for new and increased taxes.

These are the taxes modelled by the Labor Government that its Treasurer refuses to admit to or debate:

  • A tax on the family home of $435 per year – every year for thirty years – with no exemptions and no deferrals;
  • A tax of $3,000 on new apartments;
  • A property levy on commercial businesses of $21 per square metre per year – every year for thirty years – with no exemptions and no deferrals; and
  • A property levy on industrial businesses of $10 per square metre per year – every year for thirty years – with no exemptions and no deferrals.

Labor Government documents also reveal they will introduce:

  • Parking taxes at local train station car parks;
  • Car rego increases;
  • Higher payroll taxes on jobs; and
  • Public transport tolls.

Tim Pallas admitted in September that Labor will introduce new taxes if re-elected.

Now he has done so again.

It’s time he comes clean and explains to Victorians how much more they will be slugged to pay for Daniel Andrews’ unfunded infrastructure promises.

Anything less is treating Victorian voters with utter contempt.