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Monday, 11 May 1987
Page: 2902

To the Honourable the Speaker and Members of the House of Representatives assembled: We, the undersigned are deeply concerned at the impact of the new Fringe Benefits Tax on the following grounds:

1. its severe and damaging effect on business confidence, investment and incentive, especially in the rural, mining and small business sectors.

2. its capacity to seriously worsen unemployment through the additional costs it imposes.

3. its extremely negative impact on the competitiveness of export industries at a time when the nation desperately needs to improve its trading performance.

4. in that it may compel many honest and decent citizens to defy Tax in order to preserve their livelihoods, their business and the jobs of their employees, thus causing hardship, the breakdown of respect for the law and discord within the community.

We therefore most earnestly petition you to repeal the Fringe Benefit Tax Legislation forthwith.

Your Petitioners as in duty bound will ever pray.

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