28
WEDNESDAY, MARCH 2, 1988
CONCESSIONS,
INCOME EARNERS. I HAVE PROGRESSION HAVE PROPOSED
"THIS YEAR, IN PUTTING TOGETHER MY PACKAGE OF TAX I HAVE SOUGHT PARTICULARLY TO ASSIST MIDDLE PROPOSED BOTH A LOWER INITIAL TAX RATE AND A MORE GRADUAL
ADDITION, IN TAX VARIOUS THE
BANDS. THROUGH INCREASES IN ALLOWANCES TO PROTECT THEIR REAL VALUE.
I
INTEREST
TAX SIMILAR REDUCTION MEANS THAT THE 15.5 PER
STANDARD BY ONE
IN STANDARD
THE
AND CENT,
THE
"MORE GENERALLY, I HAVE ANNOUNCED THE LOWERING OF THE
TAX AND TAX,
PROPERTY FOR SALARIES RATE PERCENTAGE POINT; I HAVE ALSO ANNOUNCED A
THIS RATE OF PROFITS TAX ON CORPORATIONS.
REDUCED TO RATE FOR SALARIES TAX WILL BE RATE ON CORPORATE PRFOFITS TO 17 PER CENT.
"THE IMPACT OF MY TAX CONCESSIONS ON BOTH HUSBAND AND WIFE WORKING AND AN INCOME THAT THEIR TAX BILL WOULD BE ROUGHLY HALVED.
A FAMILY OF FOUR WITH OF $14,000
EARNERS, "AGAIN, TO ASSIST MIDDLE INCOME
OF SMALL REDUCTION IN STAMP DUTY ON THE PURCHASE PROPERTIES. THIS WILL LESSEN THE FINANCIAL BURDEN WHO ARE SEEKING TO BUY THEIR OWN HOMES.
LAST BUDGET CONTINUING DEBATE ON SEPARATE
A
MONTH
I HAVE AND
PROPOSED
MEDIUM
IS
A SIZED FALLING ON THOSE
"SINCE
MY
I
ALSO
BEEN
WATCHING
CAREFULLY LISTENED FOR WORKING WIVES. I TAXATION
HAVE THERE ARE ALTHOUGH
QUITE ELSEWHERE. TRENDS
THE INTRODUCTION OF FULL SEPARATE DIFFICULT PROBLEMS INVOLVED IN
BE OVERCOME. TAXATION, I AM PREPARED TO CONSIDER HOW THEY MIGHT BEST IN THE MEANTIME, I HAVE PROPOSED A WORKING WIFE'S ALLOWANCE OF $15,000.
HAVE
TO THE
UP ΤΟ
"IN ACCORDANCE WITH
I
MY
GENERAL THEME A REDUCTION
THE PASSENGER
TAX
OF LOWERING OF THE AIR BURDEN,
HAVE ALSO PROPOSED DEPARTURE TAX TO $100 FOR AN ADULT AND TO $50 FOR A CHILD.
"THUS, FOR THE SECOND YEAR RUNNING, I HAVE BEEN ABLE TO TAXES WHILST INCREASING OUR EXPENDITURE ON THE
THIS
HAS
BEEN
WE PROVIDE. ENTERPRISE OF OUR COMMUNITY.
REDUCE MANY PUBLIC SERVICES BY THE HARD WORK AND POSSIBLE MADE
GROWTH FORECAST THIS DESPITE MY LOWER
ATTENTION YEAR, I AM CONFIDENT THAT AS LONG AS WE PAY TRENDS WE WILL BE ABLE TO SUSTAIN OUR POLICY OF THE OF PUBLIC SERVICES AND INVESTMENT FOR THE FUTURE.
"
TO LONG TERM STRADY EXPANSION
BUDGET BRIEFING
WILL GIVE A PRESS
THE GIS
THE FINANCIAL SECRETARY, MR PIERS JACOBS, BRIEFING ON THE BUDGET AT 3 PM TOMORROW (THURSDAY) IN CONFERENCE ROOM, FIFTH FLOOR, BEACONSFIELD HOUSE, CENTRAL.
PRESS
NOTE TO EDITORS:
YOU ARE INVITED TO COVER THE BRIEFING.