Victorian government's Economic Growth Statement may omit tax reforms, raising business competitiveness concerns.

The Victorian government's upcoming Economic Growth Statement may omit tax reforms, raising concerns among business leaders about the state's competitiveness. While the plan, highlighted in May's budget, emphasizes reducing red tape and boosting manufacturing, the Victorian Chamber of Commerce warns that failure to address tax issues could drive businesses to rival states. Victoria faces a projected net debt of $187.8 billion and the highest unemployment rate in Australia, prompting calls for urgent tax relief.

October 27, 2024
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