Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Small business fears capital taxes most - Tuckey



Download PDFDownload PDF

V

P A R L I A M E N T O F A U S T R A L I A

H O U S E O F R E P R E S E N T A T I V E S

' i * ' W ILS O N TU C KEY . M .P.

MEMBER FOR O'CONNOR OPPOSITION SPOKESMAN FOR SMALL BUSINESS AND ADMINISTRATIVE SERVICES

£6 HI I fG.P.O. BOX B6B, PERTH, W.A. 6001 *COMMONWEALTH PARLIAMENT OFFICESST MARTINS TOWER44 ST GEORGE'S TERRACEPERTH, W.A. 6000TEL. 326 4005. 325 4325

21 May 1985

SMALL BUSINESS FEARS CAPITAL TAXES MOST - TUCKEY

The Shadow Minister for Small Business and Administrative Services, Wilson Tuckey, said in Parliamentary debate today that "The tax Small Business fears most is Capital and Estate Taxes."

Mr Tuckey continued "As I have already stated the tax on property through rates and State Government charges, already represents $4.7BN of our total tax burden, the fourth highest property taxes in the OECD and that is enough. But small business seldom achieves any level of disposable income for the proprietor. Small business consumes profit, there is never any uniformity between balance sheet profit and bank statement surplus. The

small businessman, taxed in every direction during his operating life has only one chance to gain disposable income, that is when he sells his business.

"If that return is to be taxed also - what incentive remains for him?

Canberra

Please contact 72.6814

*

THE ELECTORATE OF O’CONNOR coverMhe following local government areas: 1 Beverley, 2 Boddington. 3 Brookton. 4 Broomehill, 5 Bruce Rock. 6 Carnamah. 7 Coorow. 8 Corrigin. . 9 Cranbrook, 10 Caballing, 11 Cunderdin, 12 Dalwallinu. 13 Dowerin. 14 Dumbleyung, 15 Geraldton, 16 Gnowangerup. 17 Goomalling. 18 Greenough, 19 Irwin, 20 Jerramungup. 21 Katenning, 22 Kellerberrin, 23 Kent, 24 Kojonup, 25 Kondinin, 26 Koorda, 27 Kulin, 28 Lake Grace, 29 Merredin, 30 Mingenew, 31 Moora, 32 Mi. Marshall. 33 Mukinbudin, 34 Narembeen. 35 Narrogin (Town and Shire), 36 Northern (Town and Shire). 37 Nungarin. 38 Perenjori. 39 Pingelly. 40 Plantagenet, 41 Quairading. 42 Tambellup, 43 Tammm. 44 Three Springs, 45 Toodyay, 46 Trayning. 47 Victoria Plains. 48 Wagin, 49 Wandering. 50 West Arthur. 51 Wickepm, 52 Williams, 53 Wongan-Ballidu. 54 Woodanilhng. 55 Wyalkatchem. 56 York

26

4» »

46 14

42 16

I