Remove Payroll tax obligations from country businesses
- creates an incentive for businesses to locate and employ outside Melbourne
- could be financed through a 1% increase in metropolitan payroll tax.
Businesses pay 4.85 per cent payroll tax once they pay $550,000 in wages.
Removing this tax for regional businesses will provide incentive for businesses to locate and employ in areas such as the Western District, rather than concentrating their investment in Melbourne.
A 1% increase in metropolitan payroll tax will cover the cost of this incentive.