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


Cullen trying to rip off farmers

Jenny Shipley Leader of the Opposition

28 March 2001

Cullen trying to rip off farmers through Capital Gains Tax

There is no way National will support Michael Cullen's capital gains tax on Taranaki and West Coast leaseholders, Opposition Leader Jenny Shipley said today.

Dr Cullen is proposing a legislative change which would impose taxes on any compensation payments awarded to the 170 leaseholders of Maori reserve land who opted for their cases to be considered by the Land Valuation Tribunal.

"Those leaseholders took a risk when they opted to pursue their cases through the tribunal. Their understanding in taking this option was that this was a capital gain issue. At the time they made that choice they could have been winners or losers, depending on land valuations.

"Now, three years later and just days before those leaseholders have their day in court, Dr Cullen is trying to change the rules. That's a reprehensible attempt to impose retrospective legislation.

"This Government promised 'no new taxes', yet here we are less than half-way through their term and they are poised to introduce a version of one of the most economically destructive taxes of all - capital gains tax. We will vigorously oppose this. Dr Cullen's capital gains tax will send a shiver down the spine of business in New Zealand.

"Dr Cullen's last minute law change is a money grab. In a desperate scramble to balance his Budget he sees farmers as an easy target. But those farmers have played by the rules, and Dr Cullen must too. He must not be allowed to rip those farmers off," Jenny Shipley said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news