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Insurance Business | 01 Apr 2015, 08:33 AM Agree 0
The insurance industry has welcomed the Federal Government tax white paper, with ineffective insurance taxes targeted.
  • Robert Cooper | 01 Apr 2015, 10:59 AM Agree 0
    Want a 10% discount on your insurance in North Queensland, then get rid of stamp duty! Want to make Householders insurance cheaper even further? Make it GST free.
    Taxes on Insurance are a disincentive to protecting your personal assets either adequately or at all. Consumers should be encouraged as much as possible to protect their property and liability risks, not put off by 20 to 25% extra tax imposed on them by governments in Australia.
    Because if an uninsured property owner loses everything in a Fire or Cyclone, they will be going cap in hand to governments for social security and state housing.
    Axe the Insurance taxes!
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