Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Vote For Candidates Who'll Keep Rates Down

Vote For Candidates Who'll Keep Rates Down - Business NZ

Local body election campaigning will step up a notch today with the mailing of ballot papers for next month's elections, but the key issue is still rates, says Simon Carlaw, Chief Executive of Business NZ.

"Local government in New Zealand is big government (1) and every ratepayer should ask candidates why there is such silence on rates so close to the elections. There are very few candidates pledging to reduce rates or even hold them at present levels.

"Perhaps this is because the current Local Government Review seems likely to encourage the further growth of local government - and therefore even higher rates for everyone.

"The record is clear. Rates have increased at twice the rate of inflation over the past decade. (2) In addition, Councils all over the country have introduced user charges. As business pays over half the total rates bill because of differential rates, rates are effectively taxes on job growth and higher wages and salaries throughout the economy.

"Each candidate for office should be asked before 12 October what he or she would prefer - rates outstripping inflation or more and better paying jobs?"

(1) The total assets of local government in New Zealand are greater than those of all companies on the NZ stock exchange.

(2) From June 1989, when local authorities were last reformed and reorganised, to June 2001 rates and local authority user charges increased by 61%, while the CPI increased by 30%. Source: Statistics NZ

Ends



© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Electricity Market: Power Panel Favours Scrapping Low-Fixed Charges

An independent panel reviewing electricity prices favours scrapping the government’s low-user fixed charge regime, banning the use of prompt-payment discounts, and requiring greater disclosure of the profit split between the retail and generation arms of the major power companies. More>>

ALSO:

Bottomless Oil And Zero Climate Cost: Greenpeace Not Big On PEPANZ Gas Ban Report

The NZIER report commissioned by oil industry body, PEPANZ, claims the oil and gas ban issued by the Government last April could cost the the New Zealand economy $28 billion by 2050... But Greenpeace says the figures in the report are based on false assumptions and alternative facts. More>>

ALSO:

Two Queensland Fruit Flies And A Different One In Otara: Devonport Fruit And Veg Lockdown

Work continues at pace on the biosecurity response following the discovery last week of one male Queensland fruit fly in a surveillance trap in the Auckland suburb of Devonport. More>>

ALSO:

Digital Services Tax: Government To Plan Tax On Web Operator Income

New Zealand is to consult on the design of changes to tax rules which currently allow multinational companies in the digital services field to do business here without paying income tax. More>>

ALSO: