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

 

CA ANZ survey finds most oppose fuel tax

CA ANZ survey finds most oppose fuel tax, support road improvements from current budget

By Sophie Boot

May 15 (BusinessDesk) - Most people don't want to pay a new fuel tax but do want the government to make roads safer and increase access, a survey funded by Chartered Accountants Australia and New Zealand (CA ANZ) has shown.

The government is proposing to raise petrol excises by between 9 and 12 cents a litre over the next three years, alongside the 11.5 cents per litre regional fuel tax in Auckland likely to begin from July.

The survey of 750 people, conducted by Ipsos for CA ANZ, showed that 49.6 percent of respondents wanted improvements to roading to come from the current land transport budget with less money spent on other projects, CA ANZ said.

Some 36 percent thought it should be funded from general taxation, 25 percent said funding should come from other sources such as congestion charges, regional fuel taxes or tolls, and 14 percent supported an increased fuel tax. Nine percent of respondents said they disagreed with the government's goal of improving roads. The percentages add up to over 100 percent because respondents could select multiple answers.

Respondents were more positive about the government's $1 billion Provincial Growth Fund, with 45 percent in favour of the spending, 21 percent opposed, and 34 percent not sure.

Most respondents believed they were paying the right amount of income tax, at 59 percent with 34 percent believing they should pay less, and many supported increasing or introducing other taxes. A total of 44 percent of respondents supported capital gains or wealth taxes, 31 percent said excise taxes such as those on alcohol, tobacco and fuel should rise, 30 percent thought company tax should be increased, 24 percent were in favour of environmental taxes, while 29 percent of respondents said no taxes should be increased or introduced.



CA ANZ tax lead for New Zealand, John Cuthbertson, said this was nimbyism, with just 4.3 percent of respondents in favour of lifting GST.

The government has said that the 'family home' won't be subject to capital gains tax, meaning most people won't be affected, Cuthbertson said.

"Our company tax rate, at 28 percent, is already above the OECD average and there are signs you can only go so far with some excise taxes such as tobacco, and it seems judging by the results of our survey, fuel tax.”

The average combined corporate tax rate in the OECD is 23.9 percent, according to data from the organisation's website.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank Holds Rate: Dollar Jumps As Potential Hike Wrong-Foots Traders

The New Zealand dollar jumped just over one US cent after the Reserve Bank's bias towards eventually hiking interest rates - rather than cutting them - wrong-footed traders who were more wary about global risks. More>>

ALSO:

Dolphins, Albatross, And... Four Endangered Sea Lions Dead In Nets In One Week

Forest and Bird: Four endangered NZ sea lions have been killed in commercial fishing nets in one week, making this the third day in a row endangered animals have been confirmed dead at the hands of the commercial fishing industry. More>>

ALSO:

Solar: Falling Battery Costs May Outstrip Transpower Projections

Falling solar and battery costs may already have overtaken prices assumed in Transpower’s latest modelling of the future power system, the Sustainable Energy Association of New Zealand says. More>>

ALSO:

Dire Deals: SAFE Salutes Short Shrift For Saudi Sheep

SAFE applauds the Government’s decision to cancel the controversial Saudi sheep deal, a plan by the previous Government which was to include a $10 million slaughterhouse in the Saudi desert. More>>

ALSO:

Nelson Fires: Extended Emergency

A combination of benign weather and outstanding fire management has seen the risk posed by the Pigeon Valley fire significantly reduced for some areas. More>>

ALSO: