A CANBERRA Liberals government will lower taxes and red tape reductions in a bid to strengthen the local economy and create more jobs.
The party says they’ll freeze commercial rates for two years on the provision that landlords pass on savings to tenants who haven’t already received relief from their landlord, they’ll save struggling local employers between $116.40 and $150.10 a year by reducing their business vehicle registration fees, and they’ll create a red tape taskforce, which will investigate business taxes, fees and red tape to determine areas where they can deliver lower taxes and better services.
Canberra Liberals leader Alistair Coe says Canberra households and businesses are reassessing their financial situation as they prepare to weather the economic storm from COVID-19.
“Ever since Coronavirus hit, we’ve been clear that we need to do everything we can to save the lives and livelihoods of Canberrans. Our plan to strengthen our economy and create jobs will combine with our other cost of living measures to turbocharge the economy,” Mr Coe says.
“We know that it’s not just families that have tightened their belts. It is fundamentally important that we stimulate Canberra’s local employers to inspire business confidence, create jobs and grow our economy.
Liberal spokesman for business Andrew Wall says Labor’s oppressive tax regime has made the ACT a difficult place to do business.
“Despite commercial rates revenue more than doubling since 2012, the ACT Labor government was the least generous in the country when COVID hit,” he says.
“The private sector employs around 144,000 Canberrans, nearly two thirds of the ACT’s workforce. The invaluable contribution of local employers to the ACT economy cannot be overstated. That’s why we need to do everything we can to keep our local employers strong, to keep our economy strong.”