John Comer: Tax relief on deposits a war chest against volatility risks
The fact is that when growth rates are being revised on practically a weekly basis with knock-on effects for Government revenue, it becomes extremely challenging to put forward spending plans or tax changes that, by their nature, must rest on a fixed or at least a constant flow of revenue.
As the organisation most associated with the state’s 18,000-odd dairy farmers who are only now beginning to see a market recovery after nearly 16 months of receiving a milk price of up to six cents per litre below the costs of production, ICMSA is perfectly aware of challenges around constant or climbing bills and diminishing — or disappearing — income.
