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Less Payroll Tax = More Accommodation Industry Jobs

June 21, 2018 Business News No Comments Email Email

Employment in the accommodation industry will be stimulated by the NSW Government moving to lift the payroll tax threshold from $750,000 to $1 million by 2021/22.http://www.tourismlegal.com.au/

Speaking on behalf of the industry, the Accommodation Association of Australia said this measure, together with other tourism and infrastructure initiatives are welcome.

“Payroll tax is unproductive because it is a tax directly on jobs,” said the Association’s Chief Executive Officer, Richard Munro.

“Therefore, any policy which decreases the payroll tax burden on operators of accommodation businesses is positive, especially given the labour-intensive nature of our industry.

“Unlike offshore online giants who rake in millions from the visitor economy, the accommodation industry employs thousands of people across all parts of the state and increasing the payroll tax threshold will give accommodation businesses a greater incentive to employ more people.”

The Accommodation Association is also pleased with the tourism commitments the Berejiklian Government has announced in the State Budget.

“The mix of investment in tourism for events, promotion and supporting regional NSW is set to benefit the accommodation industry,” Mr Munro said.

“While Sydney continues to be the mainstay for NSW tourism, backing family-operated small businesses in regional areas – many of which are struggling to stay profitable because of the unfair regulatory advantages Airbnb enjoys – is vital.

“The Government’s investment in infrastructure, such as major city roads – which facilitate regional dispersal – and country highways is to be commended.”

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