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


OECD report welcomed

10 March 2005

OECD report welcomed

Finance Minister Michael Cullen today welcomed an OECD report showing the net tax paid by the average New Zealand production worker is low by developed world standards.

The table shows the tax wedge [the share of total labour costs taken in tax and social security contributions less any cash benefits received] paid by a single process worker in the manufacturing sector in New Zealand is 20.7 per cent - lower than in all other OECD countries except Korea and Mexico.

For the single income married couple with two children, New Zealand currently ranks tenth lowest.

"But Inland Revenue calculates that the Working for Families package, when fully implemented and on the basis of current entitlements in other countries, will reduce this from around 20 per cent currently to just 12.3 per cent by 2008.

"This would put us fourth lowest in the OECD, behind Ireland, Luxembourg and Iceland and provides a further indication of the size of the benefits to be delivered through the Working for Families initiative," Dr Cullen said.

The OECD calculations are based on a wage assumption of $41,778.

The report is available on the OECD website.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election