By The Editor
The Victorian Treasury department advised the incoming Baillieu Government immediately after the election that tax cuts were needed in a range of areas; otherwise Victoria would become highest taxing state in Australia by the middle of the decade.
The Age’s report revealing Treasury’s advice is a timely reminder about the necessity of lowering business taxes and slashing red tape in the face of increased competition from New South Wales.
1 Comment | 
Economy | Tagged: Baillieu Government, payroll tax, red tape, stamp duty, tax, tax cuts, Treasury, Victoria | 
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Posted by The Editor
By Mark Stone
VECCI welcomes the scrapping of the previous State Government’s planned Freight Infrastructure Charge (FIC), but stresses that the State Government must ensure increased revenues from a Port charge are directed at improving infrastructure to increase efficiency and business productivity.
1 Comment | Economy, Infrastructure | Tagged: Baillieu Government, exports, Freight Infrastructure Charge, imports, Mark Stone, VECCI | Permalink
Posted by The Editor
By The Editor
The Baillieu Government’s announcement to develop the Port of Hastings into Victoria’s second major container port is most welcome and will strengthen the state’s capacity to deal with the expected boom in container trade.
1 Comment | Economy, Infrastructure | Tagged: Baillieu Government, Denis Napthine, port of hastings, Port of Melbourne, The Editor | Permalink
Posted by The Editor
By Wayne Kayler-Thomson
Yesterday’s State Budget was responsible and safe, but there is much more to do.
1 Comment | Economy | Tagged: Baillieu Government, business confidence, regional Victoria, State Budget, tax reform, Wayne Kayler-Thomson | Permalink
Posted by The Editor
By Wayne Kayler-Thomson
With its first State Budget tomorrow, the new State Government has an opportunity to deliver on its election promise to provide greater support to teachers, and a performance-based pay scheme would reward the best in our state.
2 Comments | Education | Tagged: Baillieu Government, Education, Skills, State Budget, teachers, Wayne Kayler-Thomson | Permalink
Posted by The Editor
By Wayne Kayler-Thomson
With Victoria’s share of GST revenue set to be slashed, now more than ever the State Government must deliver a prudent State Budget next week.
3 Comments | Economy | Tagged: Baillieu Government, COAG, finances, public sector, State Budget, Wayne Kayler-Thomson | Permalink
Posted by The Editor
By Wayne Kayler-Thomson
When Jeff Kennett took the reins of power in 1992 he uncovered some disturbing facts, including a budget blowout. Victoria’s State Budget was over $2 billion in deficit and the state had accrued more than $30 billion in debt.
2 Comments | Infrastructure | Tagged: Baillieu Government, Infrastructure, State Budget, Victoria, Wayne Kayler-Thomson | Permalink
Posted by The Editor
By The Editor
Victorian businesses experienced declining sales and profits in the first quarter of 2011, with generally negative trading conditions predicted to continue, according to the latest VECCI-Commonwealth Bank Survey of Business Trends and Prospects.
3 Comments | Economy | Tagged: Baillieu Government, business trends, State Budget, The Editor, VECCI | Permalink
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By Wayne Kayler-Thomson
VECCI is calling for Victoria’s regional areas to have greater support from the new State Government in its first State Budget.
1 Comment | Politics | Tagged: Baillieu Government, regional Victoria, State Budget, VECCI, Wayne Kayler-Thomson | Permalink
Posted by The Editor
By Wayne Kayler-Thomson
VECCI is calling for rationalisation of the State tax system, with one option being to allow payroll tax, land tax, WorkCover and motor vehicle registration payments to be made on one single payment form, reducing red tape for business.
1 Comment | Economy, Politics | Tagged: Baillieu Government, red tape, small business, Victoria, Wayne Kayler-Thomson | Permalink
Posted by The Editor
