Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Tax reform hits farm sector



Download PDFDownload PDF

PARLI AMENT OF AUSTRALI A

HOUSE OF REPRESENTATI VES

COMMONWEALTH PARLIAMENT OFFICES 100 KING WILLIAM STREET ADELAIDE. S.A. 5000 TEL. (08) 213 2212, 213 2213

O F F IC E O F J A M E S R. P O R T E R . M .P .

FEDERAL MEMBER FOR BARKER SHADOW MINISTER FOR HEALTH

TAX REFORM HITS FARM SECTOR

(

i

"The Hawke Government's favoured tax reform package will

seriously affect the rural sector" James Porter, Federal

Member for Barker said today.

"Proposals for a capital gains tax, taxes on employers

for fringe benefits such as housing for rural employees,

restrictions on incentives for soil and water conservation

expenditure and cut backs to re-afforestation incentives

would have a particular impact on people in rural areas.

"Rural communities have already been seriously disadvantaged

by the Assets Test and the recent Mini-Budget cuts and I

am concerned that we should not again be asked to bear an

unreasonable burden in the taxing stakes.

"I am deeply concerned that the capital gains tax proposal

will not only be the thin end of the wedge, but will

seriously disadvantage country people in the same way as

did the Assets Test.

"Country people have more of their assets tied up in the

land rather than in a high priced city hduse and they will

always be discriminated against by Governments which only

protect the family home from the effect of such taxes.

"Whit is needed at this time is a reduction in overall

Government expenditure rather than a mere reshuffling of

the tax mix, Mr. Porter concluded.

5th June, 1985.