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


Cullen confident about business tax changes

Cullen confident about business tax changes

Finance Minister Michael Cullen reiterated today that the government is very focused on making meaningful changes to the business tax regime.

"This a complex task, but one that could pay real dividends for the economy," said Dr Cullen.

"For opposition finance spokesman John Key to suggest otherwise shows how ignorant he is of the realities of policy making. It's surprising for one who trumpets his business credentials so much to suggest there is a simple, quick fix available," said Dr Cullen. "Clearly he has a lot to learn.

"This government is concentrating on managing the country through any dip in economic activity.

"John Key's only solution seems to be to simply cut taxes which will only put further pressure on interest rates and the dollar thereby creating more pain for exporters and workers," Dr Cullen concluded.

The review of business tax is a key part of the post-election confidence and supply agreements with United Future and New Zealand First. It aims to provide better incentives for productivity gains and for businesses to improve their competitiveness with Australia.

Proposals for consultation will be released by mid-June at the latest.

© 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>>


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>>


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>>


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>>


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>>


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>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news