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

 


Copeland calls for Scrooge Cullen to give it up

Copeland calls for Uncle Scrooge Cullen to give it up

United Future revenue spokesperson Gordon Copeland today strongly questioned Prime Minister Helen Clark concerning the prospects for some long overdue tax relief for hardworking New Zealanders.

Mr Copeland asked “Even after her Finance Minister publicly acknowledges that he has $520 million cash left, why does he still refuse to adjust the tax brackets for the effects of inflation?”

The Prime Minister responded by saying that this year’s budget announced tax reductions to take effect from 1 April 2005. However, the Family Assistance package then announced was not a tax cut.

Mr Copeland has vigorously campaigned during the last two years for the present tax brackets to be adjusted for the effects of inflation.

“The continued failure of the government to make that adjustment is blatantly unfair and unjustified,” he said. “The present tax brackets were established on 1 April 2000, but by 1 April 2005 cumulative inflation will be about 13%.

“This means that the $38,000 bracket, when the rate changes from 19.5 cents to 33 cents in the dollar, should be $43,000. Likewise the $60,000 bracket, when the rate changes from 33 cents to 39 cents in the dollar, should be $68,000.

“Dr Cullen’s failure to adjust these brackets means that in real terms, that is, after allowing for the change in the cost of living, all of New Zealand’s 3,127,000 taxpayers have seen their taxes increased during the term of this government.

“This is increasing tax by stealth even in circumstances where, by his own admission, Dr Cullen has more than enough cash in the bank to fund the approximately $500 million cost involved in changing the bracket levels.

“Even worse, the government has given no indication that it intends to address this issue any time soon. I don’t intend to give up. Simply stated, that $500 million is in the government coffers when it should be in the pockets and purses of taxpayers

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

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:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news