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Tax cuts ‘critical’ for printing industry: PIAA

Thursday, 29 March 2018
By Print21

(l-r) Andrew Macaulay, CEO PIAA, meets with Federal Resources Minister Matt Canavan.

The Printing Industries Association of Australia has expressed “deep disappointment” that the Turnbull Government’s proposed tax cuts have been postponed after failing to secure the support of the Senate.

“Taxing profits is a tax on jobs and a tax on economic growth,” says PIAA CEO Andrew Macaulay. “Small and big business account for 86% of all jobs in Australia and we need support for business to encourage job creation.”

The association has urged Senator Hinch and Senator Storer to back the Government’s proposed tax relief legislation and Macaulay says the printing and packaging sector “would employ more people if government impositions are removed.

“Both Victoria and South Australia, whom the Senators respectively represent, need more local jobs and need more employment,” Macaulay says.

“We have long been campaigning for the removal of state-based payroll tax, a tax on employing people. The cutting of corporate company tax is consistent with this policy position. Businesses should not be penalised unduly by Government for doing well.”

The PIAA argues that the international competitiveness of the industry is under threat if our corporate tax rate remains high. New Zealand has a corporate tax rate of 28%; Singapore has a corporate tax rate of 17%. Australia’s is at 30%.

“Overall, we must remain competitive in our region on tax or else print and packaging jobs may go offshore,” says Macaulay.

4 Responses to “Tax cuts ‘critical’ for printing industry: PIAA”

  1. March 29, 2018 at 1:43 pm,

    P. Rinter
    said:

    Oh, come on. Another LNP rant
    Reduce tax and buy a better BMW is the like scenario
    Doubt it will be reinvested into trainees or apprenticeships

  2. March 29, 2018 at 2:21 pm,

    Print Newbie
    said:

    So even though there is no evidence presented by this government or any other government of a major economy that tax cuts actually benefit an economy, Mr Macaulay can make the call that it does?

    For 7 years during the previous govt we heard from all and sundry that our debt is crippling us – debt debt debt in the headlines before the Liberal Nationals were in government leadership. Federal Govt debt is now almost double what it was under the previous Government. They got rid of the Carbon Tax but left all of the costs in because this government had to make a deal with populist Clive Palmer.

    This government has taken us backwards more than any other we have had in the last 40 years and our PIAA Leadership believes tax cuts will help?

    What we really need is clients with confidence in this country’s future. Maybe then they will be willing to spend. The economy is subdued while the rest of the world is moving on. Why?

  3. April 03, 2018 at 8:31 am,

    Banksy
    said:

    What a load of crap. PIAA has moved from print industry body to Liberal Party apologist. Are you happy to see your membership paying for this?

  4. April 03, 2018 at 2:04 pm,

    Inky McFee
    said:

    I think we’d be better served if the Fed Govt enabled the states to end Payroll Tax. That’s a direct cost burden, rather than taxing (quite limited) profits in this industry. But, in agreeance with the comments above, we’ve moved from “Debt Crisis!’, to increasing deficits to reduce corporate tax rates – why not reduce the tax burden on lower earning workers to release that cash into the economy to generate some growth? More chance of that happening than corporates hiring more people because of an earnings increase.

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