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


Does Act support National's tax increases?

Hon Jim Anderton

Progressive Party leader

17 October 2008

Does Act support National's anti-business tax increases?

With National proposing the largest increases in business tax in New Zealand's history, the acid is on Act to state if it would support National's anti-business plan, Progressive leader Jim Anderton says.

"National is promising to make business pay nearly a billion dollars more over the next three years as a result of new taxes targeted at our most innovative and research-driven companies," Jim Anderton says.

"If National and Act were able to form a government - would Act support National's anti-business tax?

"If Act won't support National's tax increases, then National cannot rely on Act to form a government. It is a central constitutional principle that a government doesn't hold the confidence of the House if it can't pass its tax bills.

"More tax on innovation is exactly what we don't need in these tough global financial conditions. We've just got the tax rate down. National has never cut business tax," Jim Anderton says.

National proposes to axe the 15% tax credit for research and development. This means businesses doing research and development will more than three hundred million dollars a year more tax over the next three years.

The Progressives were first to call for the company tax rate to be cut to 30%. In this term the corporate rate was cut. National has never cut the business tax rate.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On DHB Deficits And Free Trade

Currently the world is looking on aghast at the Trump administration’s plans to slash Obamacare, mainly in order to finance massive tax changes that will deliver most of their gains to the wealthy. Lives will be lost in the trade-off. Millions of Americans stand to lose access to the healthcare they need.

Spot the difference with New Zealand, where DHBs are under intense pressure to reduce deficits within a climate of chronic underfunding. More>>


Greens' Response: Slum-Like Rentals Exposed In Renting Review

“...The grim findings of the review are a wakeup call about the true state of rentals in this country. Too many renters are festering in slum-like conditions under the thumb of landlords who have largely unchecked powers and ignore tenants’ complaints when it suits them.” More>>


Gordon Campbell: On The Life And Times Of Peter Dunne

The unkind might talk of sinking ships, others could be more reminded of a loaded revolver left on the desk by his Cabinet colleagues as they closed the door behind them, now that the polls in Ohariu had confirmed he was no longer of much use to National. More>>


Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>


Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>


Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>


Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>





Featured InfoPages

Opening the Election