Big business hit with levy under Abbott

Posted on August 3, 2010

0


Big business will be slugged with a 1.5 per cent levy to pay for the coalition’s paid parental leave scheme, Opposition Leader Tony Abbott says.
Mr Abbott announced changes to the policy in the Brisbane seat of Bowman, which the Liberals hold by a tiny margin.
The scheme will still be 26 weeks long, but the levy on big business has been reduced from 1.7 per cent to 1.5 per cent.
Mr Abbott said the $8.8 billion scheme would start on July 1, 2012 if the coalition wins the August 21 election.
‘I think it’s very important that my daughter’s generation doesn’t have to struggle the way their mothers did, trying to wrestle with the difficult choices of work and family,’ he told reporters on Tuesday.
‘We need to make those choices much easier and that’s what this policy is all about.’
Mr Abbott said he wanted the levy to be a temporary one, but could not say when it would end.
‘Because of the dire fiscal position that this government has put us in I’m not going to put a timetable on it,’ he said. ‘I don’t know what I’m going to inherit.’
Mr Abbott said he could not be confident of finding what Labor said was available would actually be there.
Nearly every single government project had been subject to cost overruns and blowouts, he said.

Big business will be slugged with a 1.5 per cent levy to pay for the coalition’s paid parental leave scheme, Opposition Leader Tony Abbott says.
Mr Abbott announced changes to the policy in the Brisbane seat of Bowman, which the Liberals hold by a tiny margin.
The scheme will still be 26 weeks long, but the levy on big business has been reduced from 1.7 per cent to 1.5 per cent.
Mr Abbott said the $8.8 billion scheme would start on July 1, 2012 if the coalition wins the August 21 election.
‘I think it’s very important that my daughter’s generation doesn’t have to struggle the way their mothers did, trying to wrestle with the difficult choices of work and family,’ he told reporters on Tuesday.
‘We need to make those choices much easier and that’s what this policy is all about.’
Mr Abbott said he wanted the levy to be a temporary one, but could not say when it would end.
‘Because of the dire fiscal position that this government has put us in I’m not going to put a timetable on it,’ he said. ‘I don’t know what I’m going to inherit.’
Mr Abbott said he could not be confident of finding what Labor said was available would actually be there.
Nearly every single government project had been subject to cost overruns and blowouts, he said.

Sourced : http://www.skynews.com.au/election2010/article.aspx?id=493948&articleID=

Advertisements