Clueless Treasurer Curtis Pitt has admitted he doesn't know how his broken tax promise will work in a further blow to business confidence and investment in Queensland.
Shadow Treasurer Scott Emerson said Mr Pitt’s admission that the implementation of the foreign buyer’s property tax was as “clear as mud” was just latest bungle by the Treasurer.
“When the Treasurer revealed he was breaking an election promise and introducing the new tax in the budget he underestimated the impact of the tax hike by 3000 per cent,” Mr Emerson said.
“That was after he shamelessly walked away from an iron-clad promise not to put a job-destroying tax on the property sector.
“Now he’s admitted he has no idea how an exemption regime will work for the tax despite it due to come into effect in a matter of weeks on October 1.”
Mr Emerson said Mr Pitt’s latest bungle came in the same week as the state’s peak business group, the Chamber of Commerce and Industry Queensland, revealed many businesses have lost confidence in the Palaszczuk Government and believed it was anti-business.
He has also been left floundering after being caught out making a second sneaky raid on public servant’s superannuation funds by trying to change how retirement payouts were calculated.
“At a time when the Queensland economy desperately needs capable leadership, it is stuck with a clueless and hapless Treasurer who even Mr Pitt’s own Labor colleagues are describing as incapable and a deadweight,” Mr Emerson said.
