Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Tax laws a dog's breakfast

Annabel Young

Opposition Revenue Spokesperson

30 March 2000

Tax laws a dog's breakfast

Today's announcement of even more tax avoidance law creates huge uncertainties for taxpayers and the retrospective nature of it is appalling, Opposition Revenue Spokesperson Annabel Young said.

"The Government's tax increases are a dog's breakfast.

"The Government has just injected huge uncertainty into people's lives. The law change announced today will come into force in two days time - but it won't even be passed until September.

"Making certain you pay the right amount of tax and on time is a complicated and stressful enough process as it is. The Government has just made it worse because we won't know until September what the rules are.

"It's one of the worst cases of retrospective legislation I have seen.

"The law change itself will also created huge uncertainty. It overrides companies, trusts and partnerships and treats them like they don't exist.

"The Government has just given the IRD a huge tool to attack taxpayers. The IRD will be able to ignore the legitimate and legal nature of normal entities and override the tax effects of these legal relationships. The non-tax consequences and liabilities will carry on.

"People have a right to structure their affairs according to the laws of the country - the Government is legislating to ignore that.

"The whole process is bad. It's law making by press release. The two page announcement about complicated tax law changes two days before it will apply is an affront to taxpayers and advisors working for taxpayers.

"As the Government keeps trying to fix up its bungled legislation to increase taxes it continues to make it worse for taxpayers."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Sir Michael Cullen’s Tax Reform

To ordinary wage and salary earners who (a) watch a slice of their gross income being taxed every week via PAYE and who also (b) pay GST on every single thing they buy, there has been something quite surreal about the centre-right’s angry and anguished reactions to the Tax Working Group’s final report... More>>


89 Cents An Hour: Govt Plans Fix For Minimum Wage For People With Disabilities

IHC is delighted that the Government is looking into replacing the Minimum Wage Exemption (MWE) with a wage supplement to ensure people with disabilities are paid at least the minimum wage. More>>


Te Waihanga: New Independent Commission To Tackle Infrastructure Issues

The New Zealand Infrastructure Commission – Te Waihanga – will be established as an Autonomous Crown Entity to carry out two broad functions – strategy and planning and procurement and delivery support. More>>


Auckland Action Against Poverty: Motels Profit From Housing Crisis

A single motel which charges up to $1,500 per week per room has received over $3 million worth of Government funds to provide emergency assistance, despite never having a Code Compliance Certificate – an offence under the Building Act – and receiving a series of longstanding complaints from occupants... More>>


Gordon Campbell: On The Alleged China Relations Crisis

If New Zealand’s relations with China are ‘deteriorating’ then you still need a microscope to detect the signs... More>>


Environment: Government To End Tenure Review

“Tenure review has resulted in parcels of land being added to the conservation estate, but it has also resulted in more intensive farming and subdivision on the 353,000 ha of land which has been freeholded. This contributed to major landscape change and loss of habitat for native plants and animals,” said Eugenie Sage. More>>


Bell Tolls: Big Changes, Grand Mergers Planned For Vocational Training

“At a time when we’re facing critical skill shortages, too many of our polytechnics and institutes of technology are going broke... More>>


Sallies' State Of The Nation: Progress Stalled In Reducing Inequality

The report shows a lack of tangible progress in key areas including record levels of household debt and a growing gap in educational achievement between poorer and more well off communities. More>>





InfoPages News Channels