i juwst found this

The government says the laws would change the way land tax is calculated to stop commercial landowners getting large discounts on their rates and land tax.

But the Property Council of Australia says the legislation is a money-grabbing exercise.

Queensland's executive director Steve Greenwood says that instead of land just being valued as unimproved land, the legislation will see lease value, goodwill and any work done to add value included in the appraisal process.

"That means if there are two fish and chip shops next to each other, and one is poorly run and the other is well run, the owners of the well-run business will be paying more land tax each year," Mr Greenwood told AAP.

"Effectively what they're doing is introducing a business tax.

"People will be paying between 20 to 40 per cent more in land tax.

"The bill will also diminish Queensland's ability to attract interstate and overseas investment which will ultimately flow through to impact employment."

The Queensland Law Society has also slammed the legislation, saying it is ill-conceived and contains disturbing clauses which infringe on the rights and liberties of individuals.

"Key to the proposed amendments is the nonsensical decision to turn the term unimproved land on its head to mean improved land," president Peter Eardley said in a statement.

"These changes will affect mum-and-dad investors, farms, shopping centres, CBD locations and more, virtually anyone who pays land tax."

The Shopping Centre Council, AgForce, Chamber of Commerce, Industry Queensland, the Urban Development Institute are also against the changes.

The opposition agrees the changes will cost jobs.

"Once again Anna Bligh's new tax slug on businesses – on top of the fuel tax and electricity and car registration hikes – will put more Queenslanders on the unemployment line," LNP treasury spokesman Tim Nicholls said in a statement.

i dont fully understand what impact this will have on us as investors. it seems as though they are aiming this at business owners.

lets hope that they come to their sences. the last thing we all need is more taxes!!