Property Council calls for Qld tax review

Friday, July 20, 2012

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Queensland's uncompetitive tax system must be reviewed as a matter of urgency to help boost the construction sector, the Property Council says.

The council released its "Three Keys to Unlock Queensland's Engine Room" campaign on Friday, aimed at reforming the state's planning, tax and infrastructure laws.

Property Council Queensland executive director Kathy Mac Dermott says the state's current tax system is uncompetitive compared with other states.

"The state's reliance on the property sector as the major source of tax revenue - 29.2 per cent of the total in 2010-11 - has led to the creation of an inequitable and inefficient taxation system, requiring critical reform," Ms Mac Dermott said.

"A whole-of-state tax review (would) deliver a strategic state tax modernisation program that provides a competitive tax environment for business."

Ms Mac Dermott also called for a review of the state's planning laws, and dedicated programs to guide investment and infrastructure growth.

25/05/2013 20:15Sydney, Australia. 25 May,2013
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