Treasurer says payroll tax will apply to less than 10% of the state’s private school sector – and bring in $100m less than originally budgeted
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Victorian private schools with annual fees over $15,000 will be stripped of their longstanding payroll tax exemption as part of the watering down of the Andrews government’s controversial budget measure.
Initially the government expected to make $420m in revenue over three years from the tax, announced last month, impacting 110 private schools with annual fees over $7,500.
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