LNP Pushes Payroll Tax Phase-Out—But Would It Actually Help Queensland?

The payroll tax in the state is currently 4.75 percent, rising to 4.95 percent for employers paying more than $6.5 million in Australian taxable wages.

Australian dollars in Sydney, on Jan. 15, 2016. AAP Image/Joel Carrett

Could a shift away from “payroll tax” make Queensland more competitive?

The tax is paid by employers based on the volume of wages paid to employees, and has long been accused of stifling growth in the business community.