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


New Zealand Racing Industry Not Getting A Fair Go

2 July, 2002

Back A Winner

New Zealand Racing Industry Not Getting A Fair Go: Peters

“The New Zealand Racing Industry is not getting a fair go and is in desperate need of an internationally competitive policy,” New Zealand First Leader and Tauranga MP Winston Peters said today.

"This is an industry that exports well in excess of $100 million each year, contributes hundreds of millions to the New Zealand economy, and employs tens of thousands of New Zealanders. However, by international comparison, this industry has fallen dramatically behind since taxation allowances were withdrawn in 1986 under Labour Finance Minister Douglas.

"New Zealand Government policy has not been internationally competitive in the areas of taxation and depreciation. What is desperately needed is a wise and sympathetic policy found in other horse breeding nations, particularly Ireland, Mr Peters said.

Mr Peters announced today that New Zealand First will fix it by:
1. an improved depreciation regime for stallions and brood mares;
2. a tax advantage for on course betting; and,
3. amending the taxation regulations that are patently unfair on the racing industry by putting all gaming on the same footing.

"This is an industry that has long failed to reach its potential because of a lack of action from successive governments only too happy to take the tax without proper regard for the international circumstances in which it was earned or to address the obvious lack of consistency between different forms of gaming. One wonders how much the Casinos have given to political parties for this campaign: New Zealand First turned down a sizeable sum on the principle that we cannot support millions of dollars being sucked out of our economy by foreign owners," said Mr Peters.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Environment And Conservation: Changes To Our Oceans Pose Serious Concerns

New Zealand’s oceans, coasts, and marine wildlife are under growing pressure, according to the first national report from the Ministry for the Environment and Statistics New Zealand about the marine environment. More>>


Police Authority: Use Of Taser Was Disproportionate And Unjustified

The Independent Police Conduct Authority has found that an officer’s second use of a Taser on a mentally unwell Hokitika man was disproportionate and unjustified. More>>


Gordon Campbell: On Holidays, Hekia Parata And Badlands

Hekia Parata, adieu. Reportedly, she’s been ‘passionate’ about education. She has “bravely’ led the charge on the government’s education reforms. In the past week , many of the postscripts to Hekia Parata’s career as Education Minister have sounded like a schoolteacher desperately trying to find some reason why a D student can be marked up to C minus. More>>


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news