Get the latest media releases from Murray's Office.
Get the latest media releases from Murray's Office.
Michelle Landry has today sided with 2% of Australians, rather than the vast majority of her constituents who want all of us pay our fair share of tax.
Ms Landry has criticised Labor's policy to tax high income earners who use discretionary trusts to minimise their tax.
This is income splitting to minimise tax – something that is not open to thousands of PAYG income earners in Central Queensland.
This is another example of how Ms Landry and her LNP mates would rather stick up for the top end of town in Sydney and Melbourne than Central Queenslanders struggling to get by.
Here are the facts.
98% of taxpayers will not be impacted by this policy. This policy is designed to target high income earners who use discretionary trusts to split their income, in order to pay less tax.
In total, 315 000 trusts across Australia will be required to pay more tax. Compare that to the 3.2 million businesses across Australia, the vast majority of which do not use discretionary trusts.
Most Central Queensland small businesses do not exploit this loophole and people that work and receive a wage from small businesses will not be impacted by this policy.
Michelle Landry is running a scare campaign to try and frighten Central Queensland small businesses. What she fails to mention is that this policy is simply trying to make sure high income earners pay their fair share of tax like everybody else.
If Michelle Landry had bothered to look at the policy instead of just parroting what Malcolm Turnbull tells her to say, she would know this.
When I talk to Central Queenslanders, they tell me that casualisation of jobs, affordable healthcare and access to the NBN are the issues that they’re most concerned about.
Michelle Landry and her LNP colleagues should spend more time fixing Central Queenslanders' real issues rather than launching pathetic attacks on Labor and me.
Michelle Landry should stop standing up for the 2% and start fighting for her constituents.