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

 


Need for Tax Grab Submissions

Cullen Forced to Accept Need for Tax Grab Submissions

ACT Finance spokesman Rodney Hide said today that it was pleasing that taxpayers are now likely to at least have a say about the largest retrospective tax grab in New Zealand’s history.

“Michael Cullen announced the grab on Monday, after submissions on the relevant tax bill had closed last Friday. The Minister’s announcement was clearly timed to stop the many people affected from voicing their opinions about this retrospective $200 million tax grab. Now pressure from ACT has forced the Minister to back down and accept that the Finance and Expenditure Committee may well choose to follow my advice and re-open the Bill for submissions.

“The extra tax on the tourist industry is estimated at $150 million and the extra on schools is estimated at $50 million. This is a huge sum to claim retrospectively.

“The argument is that the Government doesn’t have the power nor the right to this money. This money has been taken unlawfully. Rather than give it back, this cash-strapped government is changing the law retrospectively so that it gets to keep it.

“This is legally, economically, and morally absurd. How can anyone pay their taxes with confidence if the tax laws can be changed to a taxpayer’s disadvantage back 15 years? The move is bad economically because it sends a powerful signal that doing business in New Zealand is a big risk because this government shows itself to be quite prepared to raise taxes upon taxpayers retrospectively. It is morally wrong because the money taken has been taken unlawfully and this government just won’t up and admit it.

“The anomalies created are huge. Schools that never paid the GST on foreign students won’t have to pay it. Those who paid the GST but received their lawful refund by 14 May will get to keep their refund. But those who have paid the tax and have yet to receive their refund will lose out. This is arbitrary, highly discriminatory and just plain unfair.

“I will be pressing for the committee to hear submissions. There certainly is time.

“The ACT party will be fighting this $200 million retrospective tax grab every step of the way. I just hope for the country’s sake, that we can make the government see sense on it,” said Rodney Hide.

ENDS


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news