Insofar as Kate Carnell was preaching to the converted at a lunch of property owners yesterday she could have taken as her text, from John Donne’s Devotions: “”No man is an island”. Donne’s language, written four centuries ago, would need to be cleansed of sexism, but the sentiment was right. Ms Carnell argued that the ACT was surrounded by NSW and therefore could not be, in Donne’s words, “”entire of itself”. In short, we must compete with NSW by offering lower taxes so businesses would flock here. Rosemary Follett, at the same lunch, also took up the theme. She had lowered the tax on low-alcohol beer in line with NSW _ in case people flocked to Queanbeyan to get their grog as they did in the early days of Canberra when the Federal territory was ruled by the teetotal King O’Malley. She had also cut payroll tax in line with NSW down to 7 per cent. Mrs Carnell promised to cut it further _ down to 6 per cent, to lure more businesses here. She repeated various other promises of subsidies and lower taxes to make the ACT more attractive and competitive with other states. Evidence of the success of such a policy was manifest.
Here was a Building Owners’ and Managers’ Association lunch in a room in the Canberra Club (which incidentally just a few years ago would have barred yesterday’s two honoured guests on the ground they were not men) filled to capacity with business people _ no doubt attracted by the subsidy provided by Jones Lang Wootton, the sponsor. As the lunch progressed it transpired that there were two ACTs _ utterly different territories. One was stable, growing well, doing innovative things, consulting with business and generating business. And it had the statistics to go with it: debt reduced from $1000 a head to $180 and a Standard and Poors triple A credit rating.
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