Increasing the payroll tax threshold, selling public assets and abolishing unnecessary government agencies should underpin the next Victorian government's economic strategy, the peak employers' group says.
Launching its campaign for the November state election, the Victorian Employers' Chamber of Commerce (VECCI) identified its four priority economic areas: jobs, infrastructure, skills and international engagement.
Major parties need to privatise public land and assets to reinvest in infrastructure projects such as the East West Link and Metro Rail Tunnel if they are to win the support of Victorian businesses, VECCI said.
However the main priority for Victorian businesses is raising the payroll tax threshold from $550,000 to $850,000 in a move that would cost the state budget about $350 million, VECCI chief executive Mark Stone said on Tuesday.
"Victoria has an opportunity to make a once in a decade decisions to give business support in this area. Payroll tax is the number one issue," Mr Stone said.
VECCI will open discussions with the Liberal and Labor parties next week.
http://au.news.yahoo.com/a/-/latest/24090697/lift-payroll-tax-and-sell-vic-assets-vecci/
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