Land Tax is an unfair tax which is a drag on the Tasmanian economy. It affects all Tasmanians, as it is passed on in the services and goods we purchase and the rents that are paid. It stifles investment, costs jobs and has brought some businesses to the brink of failure.
Labor’s recently announced changes have not delivered the abolition of Land Tax that Tasmanians deserve, and they have bungled the implementation by rushing the changes for the purposes of political expediency.
In our alternative budget delivered last year, we were the first party to accept the challenge of addressing Land Tax.
This policy supersedes that policy and improves on Labor’s recently announced changes, as we will immediately introduce a fairer Land Tax rebate, and then from 2011-12 progressively abolish Land Tax, over eight years.
A majority Hodgman Liberal Government will provide the real change needed to support and grow our vital farming sector.