Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Raw Audio: Brash & Key Announce Tax Policy

Raw Audio: Brash & Key Announce Tax Policy

National Party Leader Don Brash unveiled a plan which he says will significantly restructure the tax system. He says it will provide fair tax relief and targeted family assistance worth about $3.9 billion by the third year.

ClickSCOOP AUDIO: National Leader Don Brash Announces Tax Policy (raw audio)

ClickSCOOP AUDIO: National Leader Don Brash & John Key tax press conference (raw audio)

The features of National's fair tax plan include:

  • The 15% tax rate, which now applies to income below $9,500 will extend to $12,500.

  • For income between $12,500 and $50,000, the tax rate will be 19%.

  • The withholding tax rate for secondary employment will be 19%.
  • Income between $50,000 and $100,000 will be taxed at 33%.

  • Income above $100,000 will continue to be taxed at 39%.

  • The lower statutory rate of withholding tax applied to interest and other investment income will be reduced from 19.5% to 18%.

  • The threshold for abatement of WFF payments will be $30,000 from April 2006, and to keep the effective tax rate on extra income low, the abatement rate will be 20%.

  • The company tax rate will be reduced to 30% in April 2008.

  • The personal tax reductions will be implemented in two stages in April 2006 and April 2007.
  • ENDS

    © Scoop Media

     
     
     
     
     
    Top Scoops Headlines

     

    Werewolf: Living With Rio’s Olympic Ruins

    Mariana Cavalcanti Critics of the Olympic project can point a discernible pattern in the delivery of Olympics-related urban interventions: the belated but rushed inaugurations of faulty and/or unfinished infrastructures... More>>

    Live Blog On Now: Open Source//Open Society Conference

    The second annual Open Source Open Society Conference is a 2 day event taking place on 22-23 August 2016 at Michael Fowler Centre in Wellington… Scoop is hosting a live blog summarising the key points of this exciting conference. More>>

    ALSO:

    Buildup:

    Gordon Campbell: On The Politicising Of The War On Drugs In Sport

    It hasn’t been much fun at all to see how “war on drugs in sport” has become a proxy version of the Cold War, fixated on Russia. This weekend’s banning of the Russian long jumper Darya Klishina took that fixation to fresh extremes. More>>

    ALSO:

    Binoy Kampmark: Kevin Rudd’s Failed UN Secretary General Bid

    Few sights are sadder in international diplomacy than seeing an aging figure desperate for honours. In a desperate effort to net them, he scurries around, cultivating, prodding, wishing to be noted. Finally, such an honour is netted, in all likelihood just to shut that overly keen individual up. More>>

    Open Source / Open Society: The Scoop Foundation - An Open Model For NZ Media

    Access to accurate, relevant and timely information is a crucial aspect of an open and transparent society. However, in our digital society information is in a state of flux with every aspect of its creation, delivery and consumption undergoing profound redefinition... More>>

    Keeping Out The Vote: Gordon Campbell On The US Elections

    I’ll focus here on just two ways that dis-enfranchisement is currently occurring in the US: (a) by the rigging of the boundary lines for voter districts and (b) by demanding elaborate photo IDs before people are allowed to cast their vote. More>>

    Ramzy Baroud: Being Black Palestinian - Solidarity As A Welcome Pathology

    It should come as no surprise that the loudest international solidarity that accompanied the continued spate of the killing of Black Americans comes from Palestine; that books have already been written and published by Palestinians about the plight of their Black brethren. In fact, that solidarity is mutual. More>>

    ALSO:


    Get More From Scoop

     
     
     
     
     
     
     
    Top Scoops
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news