The Barr government’s latest Quarterly Consolidated Financial Report shows stamp duty and insurance duties have only increased. Andrew Barr committed to removing these taxes, but the reality is they’re only going up, Shadow Treasurer Brendan Smyth said today.
“The take on duties has increased 13 percent from September Quarter Budget and Actuals. Stamp duty is up 16 percent, general insurance is up 5 percent and life insurance is up 117 percent all at a time when we know that rates are well on their way tripling,” Mr Smyth said.
“Time and time again the evidence suggests that Andrew Barr is not removing these duties, they’re only increasing.
“Already this month the Consolidated 2014-15 Annual Financial Statements reported the rates gouge has increased by $36 million.
“Families continue to struggle with rising rates while business is stifled by excessive regulation, fees and charges.
“It seems the only purpose of Andrew Barr’s tax reforms is to gouge Canberrans to pay for the government’s $1 billion light rail project,” Mr Smyth concluded.