Victoria Chamber of Commerce and Industry Chief Executive Paul Guerra says there’s “quite a big hit” across the board in Victoria following the state government handing down its budget on Tuesday.
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“It’s a bit tough if you’re a medium business, a large business, or a landowner at the moment – you’re going to pay more come July 1, and that’s going to be a really difficult pill to swallow for a lot of businesses across the state,” he told Sky News Australia. Mr Guerra said businesses for the next ten years are going to “take a hit” repaying the COVID debt levy, which will result in some choosing not to continue working in Victoria and job losses.
“The debt did need to be reduced – sticking it just to business though is not the right approach here,” he said.
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