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Review of the taxation system



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RAY B R A I T H W A I T E M P

SHADOW MINISTER FOR NORTHERN d e v e l o p m e n t λ l o c a l g o v e r n m e n t

1 March, 1984

Shadow Minister Ray Braithwaite today said that Mr’Ted Linday's

(Federal Member for Herbert) call for a review of the taxation -

system would have more effect if it had been directed to his own Party in Government than'directing it to the already suffering public.

"The first realization that Labor has to make is that it is their

high taxation policies which are stifling industrial and economic

growth and the ability of businesses to employ more people,

"All changes made by Labor in the tax field so far has been to

increase the burden of taxation on small business, primary producers

and wage earners,

"Marginal income tax rates are too high at 31, 47 and 61 cents in the

dollar," Mr Braithwaite said.

"No person should have to pay more than 50% of their earnings in

tax to the Government, but average weekly earning have now reached

a point where each extra dollar is subject to tax at 47 cents in the

dollar.

"Reduction of income tax rates to 30,40 and 50 cents in the dollar is

long overdue, as is lifting the marginal tax thresholds to take account of inflation," Mr Braithwaite said.

"The Labor Government had worsened the plight of single income

families by not raising the value of the dependent spouse rebate in

the budget. *

Mr Braithwaite said that he hoped Mr Lindsay might be able to convince

some of his colleagues that appropriate tax reforms should go hand in

glove with reduced Government expenditure. v ,

ENQUIRIES: 72 6647 '

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