Tax Take Rising With The Price Of Petrol
1 September 2005
Government's Tax Take Rising With The Price Of Petrol
New Zealand first Leader Rt Hon Winston Peters today issued a reminder that as the price of petrol increases so does the amount taken by the Government in Goods and Services Tax.
“Since March this year, the Government is taking, on average, $2 more per fill from GST on petrol and using that money to bribe New Zealanders as the election nears,” said Mr Peters.
"Given that taxes and duties on petrol account for 47% of the price of petrol, this Government is laughing all the way to the bank.
“New Zealand First will remove of GST from the price of petrol, a plan that will benefit every family and every business.
“It will also help to reduce the inflationary pressures on the economy brought about by sky rocketing fuel prices.
“Next time you are at the pump filling up your car, remember that one out of every eight dollars you pay is a tax on a tax, and that it would be returned to your pocket under a New Zealand First Government,” said Mr Peters.