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


Treasury Right, Cullen Wrong

17 November 2005 PR 145/05

Treasury Right, Cullen Wrong

Treasury is not the one full of wind on tax cuts, said Don Nicolson, Vice President of Federated Farmers of New Zealand (Inc).

“Ministers must stop belching nonsense. Far from being an ‘ideological burp’, the Treasury advice to cut taxes is moderate and sensible.

“One has to go back more than 20 years to see a government so trenchantly opposed to the sage advice of its Treasury officials. That's scary, indeed,” Mr Nicolson said.

"The three key challenges identified must be addressed – these are enhancing productivity growth, maintaining fiscal stability, and lifting the performance of the public sector.

“Constraining growth in government spending and getting better value for money from that spending will allow for a lower rate, flatter tax structure. These are the best ways to meet the three challenges while allowing the vast majority of hard working New Zealanders to invest in their businesses or save for their retirement.

“The best way to grow an economy is to let New Zealanders keep a greater proportion of their earnings, rather than hand it to an all-knowing government to spend on their behalf.

“We can only hope that the government’s upcoming review of business tax is not made pointless by a preconceived bias against tax cuts,” concluded Mr Nicolson.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news