The Federal Labor Government plans to double withholding tax.
This will make it harder to attract the international capital that has underpinned commercial property markets since the GFC.
The Government’s decision also trashes Australia’s international reputation. Investors need simple, stable rules.
Global investors are shaking their heads – the Government is deliberately throwing away our competitive advantage.
More than a billion dollars of deals have already headed to the airport.
The Property Council is actively campaigning to stop this incredibly harmful tax hike.
Please contact any of the following Property Council staff if you can help with this campaign.
Peter Verwer, Chief Executive, 0407 463 842, pverwer@propertyoz.com.au
Andrew Mihno, Executive Director, 0406 454 549, amihno@propertyoz.com.au
Elaine Abery, Senior Policy Manager, 0400 356 140, eabery@propertyoz.com.au
