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Cullen's threats prove he has no ideas - Nats

Cullen's threats prove he has no ideas

"Cullen should put up or shut up on closing tax loopholes" says National's Tax spokesperson, Annabel Young MP.

"Minister Cullen is threatening action because he has no idea what he should do about avoidance.

Even Cullen admits that he is like King Canute trying to turn back the tide of ingenuity of ordinary Kiwis thinking up tax avoidance ideas."

Ms Young was commenting on Cullen's latest comments about preventing avoidance of the top 6 cents of tax.

"Cullen created the problem by putting up the tax rate. He is increasing uncertainty for all taxpayers by brainstorming in public. He should announce the solution to the problem or admit defeat."

ENDS

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