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Victorian manufacturers warn land tax could send businesses interstate

Australia’s sole producer of corflute, the material used in political campaign signs, has warned that increased land taxes in Victoria designed to pay off COVID-19 debt could drive businesses out of the state.

The warning comes as the Commonwealth Grants Commission on Tuesday revealed that Victoria was the biggest winner of the new GST allocation plan, with the state’s GST take to increase by $3.8 billion to $23.7 billion next financial year.

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Gus McCubbing is a journalist at the Australian Financial Review in Melbourne. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com

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    Original URL: https://www.afr.com/companies/manufacturing/victorian-manufacturers-warn-land-tax-could-send-businesses-interstate-20240312-p5fbox