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Wednesday, 11 September 1985
Page: 411

To the Honourable the President and members of the Senate and to the Honourable the Speaker and Members of the House of Representatives in Parliament assembled. The humble petition of the undersigned citizens of Australia respectfully showeth:

That we deplore the discriminatory tax proposals as outlined in the Government's `White Paper' and the Government's preferred option on proposed new and widened tax proposals as so outlined, namely:

Capital Gains tax

Hidden Death tax described as `Capital Gains tax after death'

Gift tax

Increased Company tax

Employer taxes on employees' employment benefits.

All such taxes will discriminate against and inhibit progress, growth and employment through the nation.

They will attack hardworking people who have build up their assets; they will discourage thrift; they will inhibit development; they will treat unfairly all who plan for the future; they will cause trouble and expense in arriving at the value of their assets; they will discourage industry and punish achievement.

We ask that the tax proposals be rejected.