Parliament

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

 

McLeod Tax Review: Wake Up Call for Parties

McLeod Tax Review: Wake Up Call for Political Parties

Wednesday 24 Oct 2001 Rodney Hide Press Releases -- Taxation

ACT Finance spokesman Rodney Hide today said the McLeod Tax Review was right to call for a reduction in the top rate of tax.

"We must continuously work to boost returns from investing and working in New Zealand. That means dropping the company rate of tax and dropping the personal rate of income tax.

"We should be striving towards a top rate of tax of twenty cents in the dollar. The McLeod team's proposal for 33 cents would just take us back to where we were, and is only a start.

"There is also a question of priorities. We should put defence needs ahead of the ballet and the orchestra, not the other way around as Helen Clark has done. We should support profitable businesses by cutting taxes, not prop up failing ones with taxpayer hand-outs.

"The McLeod Review is a wake-up call for the political parties. It shows Michael Cullen was wrong to increase the top tax rate to 39 cents. It shows the Alliance's tax policy to be loony.

"The National Party should take a good hard look at the McLeod Review and join ACT in striving towards a freer and more prosperous New Zealand," Mr Hide said.

ENDS


For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says.

Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders.

US President Donald Trump is kicking off his week at the UN by holding an event to promote the US document called the Global Call to Action on the World Drug Problem. More>>

 

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

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>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels