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Small business supports tax reform - yellow pages survey.



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THE HON PETER REITH MP

MINISTER FOR WORKPLACE RELATIONS AND SMALL BUSINESS

LEADER OF THE HOUSE OF REPRESENTATIVES

 

PARLIAMENT HOUSE

CANBERRA ACT 2600

 

25 August 1998

108/98

 

 

SMALL BUSINESS SUPPORTS TAX REFORM - YELLOW PAGES SURVEY

 

 

The latest Yellow P ages Survey of small businesses has found overwhelming support for tax reform with 90% of respondents saying they were in favour of it, while 55% said they supported a GST.

 

Conducted before the release of the Government’s tax reform package it also revealed that the most important issue facing Government was taxation and taxation reform while 42% said the most important small business issue for government was taxation reform, up from 19% a year ago.

 

Taxation reform is the number one issue for small business and the Government is determined to deliver it for that sector of the economy.

 

The package released by the Government will do away with a raft of taxes that bedevil small business such as provisional tax and the provisional tax uplift factor, the PPS, the RPS, stamp duties and the wholesale sales tax.

 

Tax reform is essential to unlock the dynamic potential of small business.

 

Unlike the Labor Party, which has already foreshadowed tax increases, the Government will deliver reduced taxes and a more streamlined system for the small business sector with a Pay As You Go system that will reduce paperwork and reduce compliance and red tape.

 

The small business sector knows what it wants and the Government with its pro small business policies will deliver it.

 

For further information contact: Ian Hanke on 0419 484 095

 

 

 

LK