No evidence tax hike has impacted construction industry, says Minister

Fri, 22 May 2015

There's no evidence that a tax hike on developers has dented the morale of the construction industry.

That was the message from the Minister for Economic Development after attending an industry forum this week.

In the meeting, representatives presented a positive view of the sector's current ability to secure contracts.

Major construction projects are still underway - including government works relating to the Central Douglas Master plan.

Mr Skelly says it's too early to predict how the decision to increase land and property tax by 10 per cent will affect trade: