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

 


Labour's Greed Will Never End

Labour's Greed Will Never End

Friday 24 Sep 2004

Dr Muriel Newman - Press Releases - Taxation

So long as Labour is the Government, it will never have enough money - it will simply keep robbing hard-working New Zealanders of ever-increasing amounts in tax until it is finally kicked out of office, ACT New Zealand Deputy Leader Dr Muriel Newman said today.

"Media has reported today that Labour is raking in so much tax that even its allies are growing concerned, and that Finance Minister Dr Michael Cullen's $7.4 billion surplus is too much for even him to spend," Dr Newman said.

"But, no matter what Dr Cullen may like to think, it does not belong to him - it belongs to New Zealanders, each and every one of whom has paid over $1,500 toward that surplus.

"But the Government is still not sated. IRD now proposes adjusting property depreciation rates, changes which could be in place as early as April 2005. This would see IRD raking in around $22 million of extra tax from residential property investors.

"ACT is opposing this Labour tax-grab. There are at least 164,000 private property investors in New Zealand with at least one rental property. These are largely people who have taken responsibility for providing for their retirement.

"For Labour to now penalise them, when it is swimming in tax surplus, is inconceivable. The Government is trying to plunder an investment that many people make as a means to save for retirement, and ACT is urging them to fight back.

"I am calling on property investors to fight back. I have set up an online petition against these depreciation changes at www.depreciation.co.nz (http://www.depreciation.co.nz/) . This site includes information about the changes, and allows users to make submissions on the proposal. I urge investors to sign the petition, and make a submission to fight Labour's greed," Dr Newman said.

ENDS


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

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>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news