Tang speaks for business
DR RICKY Tang is committed to helping businesses in the seat of Oxley succeed.
That is why he became a candidate in the seat for the Palmer United Party.
Mr Tang, who was born in Singapore, left Australia for China in the early 1990s because of high interest rates and established a successful business in construction and property development. On returning in 2003 he found business conditions to be just as bad as when he left.
"So I went back to graduate school to do my doctorate in business administration at Southern Cross University and became a business consultant, helping small and medium sized businesses to export mainly to the Asian market," he said.
When Clive Palmer formed the Palmer United Party this year Mr Tang was one of the first to join and put up his hand to be a candidate.
"Clive is a self-made billionaire with a business mind, the same as me, although I am not in his league," he said.
"We both look from a business perspective at how we can help this country."
Mr Tang said his party had an innovative policy to have more money circulating in the economy. PUP's policy on company tax is to allow businesses to pay their tax annually in arrears, rather than quarterly in advance.
"In other countries you pay at the end of the financial year on your actual results," Mr Tang said.
"Under our policy, at the end of the year the government will get $70 billion, but because you don't pay up front the money can be used to buy new machinery and employ new people. The money stays with the business and they can use that money.
"When that money gets circulated the government gets 10 % GST so funds would still be going into government coffers."