An $8.6 billion COVID Debt Levy on big business with payrolls above $10 million a year, landowners and property investors forms the centrepiece of Victoria’s budget to “pay off our COVID credit card”, Treasurer Tim Pallas revealed. auspol
The tax slug on around 4000 businesses and 380,000 additional landowners comes on top of the $3 billion Victorian, further hitting major employers including Wesfarmers, Coles, Telstra, BHP and the banks.
and there is no new money in Tuesday’s budget for the $125 billion Suburban Rail Loop or the 2026 Commonwealth Games.
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