The Palaszczuk Labor Government’s new tax on housing and resources projects will drive up costs and destroy jobs, LNP Deputy Leader and Shadow Treasurer Tim Mander warned today.
“The last thing people whose livelihoods depend on the construction industry is a great, big, new tax on building jobs,” Mr Mander said.
“This industry is already struggling, particularly with Labor’s new waste tax and higher property taxes heaping financial pressure on projects.
“This is Labor’s seventh job-destroying tax and there was no mention of it at the last state election.
“It’s a tax on housing and resource projects that will cost jobs and drive up the cost of housing.”
Mr Mander said the construction and building industry employed some 250,000 Queenslanders and is one of our largest industries
“The Q-Leave scheme is important, but Labor’s changes are unnecessary,” he said.
“Last year, Q-Leave returned a profit of $23.9 million and the number of paid claims actually reduced.
“Labor’s new tax is driven by greed, not worker welfare.
“We should be doing more to support the construction industry, but Labor is taxing it into the ground.
“Only last week, we saw the 15th consecutive month where building approvals have fallen.
“From January last year, the value of building jobs has plummeted by $364 million under Labor.
“Compared to the peak quarter of December 2013, trend quarterly construction work done has fallen by 44 per cent - a fall of $7.6 billion.”
Mr Mander said the LNP reduced the levy rate in government and increased the threshold where the rate is introduced to ensure small-scale projects like home renovations weren’t captured.
“We exempted certain costs for major resource projects and guaranteed GST would not be included in project calculation,” he said.
“An LNP Government under Deb Frecklington has guaranteed no new taxes and we won’t hike royalties in our first term.
“You can’t tax your way to growth, it’s as simple as that.”