Brickworks CEO warns high taxes making it 'very difficult' for manufacturing businesses
Brickworks CEO Lindsay Partridge has criticised the high taxes on manufacturing and extensive approvals processes in Australia.
Mr Partridge has been the chief executive of Australia's biggest brickmaker for 25 years and has announced his plans to retire on July 31.
He noted warned against the fuel excise tax, payroll tax and land tax in Australia.
“They are taxes embedded in the cost of production – that is the worst sort of tax for any manufacturer,” Mr Partridge told Sky News Business Editor Ross Greenwood.
“The governments love them because nobody can see the tax but when the factory closes because it can’t pay its land tax even if it is not making any money, there is no payroll tax, that is the end of the business.
“So it is very difficult in Australia.”
Видео Brickworks CEO warns high taxes making it 'very difficult' for manufacturing businesses канала Sky News Australia
Mr Partridge has been the chief executive of Australia's biggest brickmaker for 25 years and has announced his plans to retire on July 31.
He noted warned against the fuel excise tax, payroll tax and land tax in Australia.
“They are taxes embedded in the cost of production – that is the worst sort of tax for any manufacturer,” Mr Partridge told Sky News Business Editor Ross Greenwood.
“The governments love them because nobody can see the tax but when the factory closes because it can’t pay its land tax even if it is not making any money, there is no payroll tax, that is the end of the business.
“So it is very difficult in Australia.”
Видео Brickworks CEO warns high taxes making it 'very difficult' for manufacturing businesses канала Sky News Australia
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Lendlease 'unfocused' and faces ‘fundamental questions’ about its future: John Wylie
Fast News Bulletin: April 6 | Sky News Australia
Flood evacuation orders in place for parts of New South Wales
Richard Marles slammed for ‘desperate’ flights over limousine rides
Fast News Bulletin: April 2 | Sky News Australia
Inflation ‘sticking around’ a lot more than expected
Fast News Bulletin: April 7 | Sky News Australia
Qantas CEO provides update on frequent flyer program
Philip Lowe to front Senate committee ahead of rates decision
Landslide triggers building collapse in Mexico
Business Weekend | 7 April
Questions linger over whether the RBA is ‘truly independent’ from the government
‘Its spending is out of control’: Albanese govt showing ‘no real appetite’ to lower inflation
Albanese’s invite to King Charles likely out of ‘good form’ rather than personal anticipation
Calls for the treasurer to keep override power on RBA rate hikes slammed
All possible survivors rescued from Greek fishing boat tragedy
Labor is the party that ‘has an issue with’ female voters: Nicolle Flint
‘Never looked back’: Lindsay Partridge on retirement after 25 years with Brickworks
Evacuation warnings in place for parts of New South Wales
Western Australia turning against Anthony Albanese