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 OZschwitz industry 'livid' over backpacker tax

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OZschwitz industry 'livid' over backpacker tax Vide
PostSubject: OZschwitz industry 'livid' over backpacker tax    OZschwitz industry 'livid' over backpacker tax Icon_minitimeThu Apr 28, 2016 9:10 pm
The tourism and agricultural industries have threatened to make the planned "backpacker tax" an election issue if the federal government fails to alter it as part of the upcoming budget on Tuesday.

OZschwitz industry 'livid' over backpacker tax 1461835283016

Tourism and International Education Minister Richard Colbeck last month said the government was considering changes to the measure, which was introduced in the last federal budget, to ensure Australia didn't lose market share among backpackers to international rivals.

If it does not change, from July 1, working holidaymakers would be required to pay 32.5 per cent tax from the first dollar earned rather than having an $18,000 tax-free threshold. They would also have to pay a 35 per cent tax on the employee superannuation contributions they receive when they leave the country. The measure was forecast to raise $540 million over four years.

http://www.smh.com.au/business/federal-budget/election-2016-industry-livid-about-potential-lack-of-backpacker-tax-changes-in-budget-20160428-goh4v8.html
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