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

 


Cullen pours cold water on business tax reform

John Key MP - National Party Finance Spokesman

25 January 2006

Cullen pours cold water on business tax reform hopes

Finance Minister Michael Cullen has confirmed the Government has no solutions to the economic downturn with his signal business tax reforms may never appear, says National Finance spokesman John Key.

He says that is despite business confidence being in freefall and job losses gathering pace in the last few days.

Dr Cullen told Morning Report today that there was 'considerable way to go yet' with the work being done into major structural changes to business tax.

He added: 'It may well be that we end up saying, gosh... this is just too big and bold and we want something much smaller and more modest, and we will have to work through those issues over the coming few months.'

"The economy is crying out for action, not words. Action is urgently needed now," says Mr Key.

"But it's quite clear that the Government has only now woken up to the structural weakness they have forced on our economy. Instead of using the golden weather to build long-term competitiveness they have squandered the opportunity.

"This just shows how anti-business the Labour Government is.

"Just a day after big job losses hit the news, he is playing down any hopes business might have had for both rapid and potentially major reforms to business tax.

"This will send a chilling message to business that the Government will sit on its hands instead of offering some hope to pessimistic businesses.

"No wonder Helen Clark thinks the economy is the big issue in 2006, with no ideas and no policy forthcoming the next few years could be rough with working kiwis paying with their jobs for Government inaction."

ENDS

© 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