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


FBT Reality Bites Small Businesses

The cold reality of the Government's anti-business policies is hitting thousands of new victims as the country's employers face their first fringe benefit tax bills under the new high rate imposed by Labour, National's Revenue spokesperson Annabel Young said today.

"Tomorrow is the deadline for the first FBT returns at the new rate - which is over 30% more than businesses paid under National.

"As small business owners write out these bigger cheques they should remember that the FBT increase is one of five new taxes introduced by a Government that promised just one tax increase.

"Businesses have every right to resent forking out more money tomorrow because the Government rammed through its pre-Christmas increase to the top personal tax rate without proper analysis or thought.

"Many employers won't be able to do anything to avoid the higher FBT rate because they are locked into contracts to provide fringe benefits to employees and can't change the contracts just because the Government put the rate up.

"Higher taxes will do nothing to help business out of the current crisis of confidence.

"One of the reasons businesses are worried about the future is the raft of higher costs that they are facing.

"This Government keeps coming up with additional costs - like this FBT increase - that make it harder for businesses to make a decent living in New Zealand."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote. We also acknowledge the men who supported the cause and voted for the Bill to pass.

“Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.

“Aotearoa New Zealand has a female Prime Minister, we have women in cabinet. And I’m here as Acting Minister because the Minister for Women Julie Anne Genter is on maternity leave. New Zealand is a good place to be a woman!” More>>


Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>


'Post-Settlement Era': Māori Crown Agency To Be Established

Cabinet has approved the final scope of the Māori Crown portfolio and agreed to establish an agency to oversee Government’s work with Māori in a post-settlement era, announced Crown/ Māori Relations Minister Kelvin Davis. More>>

Gordon Campbell: On Our Military Roles In Iraq & Afghanistan

The politics of the deployment extension have degenerated into a slanging match about whether the previous National government was right or wrong to make the initial commitment to Iraq – and whether the extension is a responsible thing given our joint training role in Iraq with Australia, or is hypocritical in the light of prior statements made by a previous Labour leader... More>>


Commissioner To Be Appointed: Govt To Dismiss Board Of Whitireia And WelTec

Education Minister Chris Hipkins has made a preliminary decision to appoint a Commissioner to Whitireia and WelTec to address the two polytechnics’ financial woes. More>>


Open Government Action Plan: Government To Proactively Release Cabinet Papers

The Cabinet papers will be released no later than 30 business days after a Cabinet decision. This process will be in place for Cabinet papers lodged from 1 January 2019... More>>


NZ Initiative: Evidence Of "Huge" Government Waste

It is not so much that spending is being literally wasted. Rather the best performing countries are achieving much better outcomes relative to their spending. More>>


Gordon Campbell: On The Ardern Pep Talk

The intolerance being shown as the coalition process unfolds in New Zealand betrays our depressing appetite for a tidily totalitarian style of government where everyone is expected to march in lockstep. More>>





InfoPages News Channels