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Champee

7,917 Posts.

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04/09/16

20:37

Post #: 18920277
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Originally posted by Ivanovich ↑

Here's another grenade.....

Review the Payroll Tax Supplement
Currently, not-for-profit providers of residential care are exempt from paying State payroll tax. In the interests of competitive neutrality, the Commonwealth currently refunds for-profit aged care providers for the payroll tax that they pay. This payment is above $100 million per year. There is limited rationale for the Commonwealth to effectively be paying this State tax. Consideration should be given to terminating this supplement, noting that it is likely that these costs would be passed on to new residents. The aged care sector is generally not characterised by high profits and some providers may struggle to continue without this subsidy

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Last edited by Champee: 04/09/16

EHE Price at posting: $3.15 Sentiment: Hold Disclosure: Held
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