Tomorrow is the start of a new financial year but Daniel Andrews’ financial hits keep coming.
On the eve of the last election, Daniel Andrews told Channel 7’s Peter Mitchell that he promised Victorians there would be no new taxes and he wouldn’t increase existing taxes.
But since being elected, Daniel Andrews has announced 11 new taxes which is putting a strain on the household budgets of Victorians.
Tomorrow, three of those 11 new taxes commence:
- Increasing stamp duty on new cars;
- Introducing new stamp duty for off-the-plan purchases; and
- Removing the exemption of certain transfers of property between spouses.
The 11 new taxes introduced by Daniel Andrews and Tim Pallas have increased taxation revenue by over 20%:
- $252 million energy tax on coal royalties
- The taxi and Uber tax
- Land tax surcharge for absentee owners introduced (0.5%) then increased to 1.5%
- Stamp duty surcharge for foreign buyers introduced (3%) then increased to 7%
- Fire Services Property Levy hiked
- Increase in stamp duty on new cars
- New stamp duties on off-the-plan purchases
- New stamp duties on property transfers between spouses
- New annual property valuations to increase land tax and council rates
- The new ‘vacant house’ tax
- The new ‘point of consumption tax’ for on-line gambling
Under Daniel Andrews taxes on Victorian households have increased by an average of $2,000.
In spite of being the highest taxing state, with a $10 billion windfall from the Port of Melbourne lease, debt will increase by $10.8 billion – well above the level inherited from the Liberal Nationals.
Comments attributable to Shadow Assistant Treasurer, Gordon Rich Philips:
The financial hits from Daniel Andrews just keep coming with three brand new taxes due to commence on 1 July.
Daniel Andrews is not only the highest taxing Premier in Victoria’s history; he’s the highest taxing Premier in Australia.
Victorians are already doing it tough at the moment, and more taxes from Daniel Andrews will make life even more difficult for many.
While Victorians are struggling with cost of living pressures Daniel Andrews’ budget is taxing them more so he can go on a vote buying spree in next year’s election.