Labor's triple hit on businesses in the construction industry

 

Bill Shorten’s war on business has multiple fronts, and businesses caught in its pincer would suffer significantly.

The effect would be to stifle investment, growth and jobs while leaving companies open to the intimidation of the CFMEU.

CAMEO

Dave runs a business that provides structural steel assembly services to the building construction industry.

His is one of the more than 2,000 small and medium sized businesses that supply these services, which provide jobs to thousands of Australians.

Under Labor:

  1. If Dave’s company manages to generate a turnover of more than $2 million, it will miss out on a company tax cut.
  2. If Dave’s company manages to generate a turnover of more than $2 million, it will be unable to access Labor’s new jobs tax deductions.
  3. Because of Labor’s refusal to pass the Government’s ABCC legislation, union thuggery and industrial unlawfulness will remain rampant on building sites, and Dave will continue to receive threats that he will be kicked off new projects unless he signs a union EBA or becomes a union member.

If Dave’s company turns over $2,000,001 he misses out, but his competitor – who turns over $1,999,999 – gets the advantage of a tax cut and a potential tax deduction.

However, both companies face potential losses due to the lawlessness of the CFMEU, which Labor continues to protect. Labor runs a protection racket for the CFMEU and it opposes a tough cop on the beat in the form of the ABCC.

Labor’s war on businesses has several policy intersections and none of them good for the economy, growth and jobs.