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

 


Tobacco Industry Set to Fleece NZ Taxpayers

Andrew Williams MP
Spokesperson for Revenue
18 January 2013

Tobacco Industry Set to Fleece NZ Taxpayers

New Zealand First is calling on the Government to explain why it allowed vast quantities of cigarettes to be imported and stockpiled at the end of 2012 so they could be re-exported overseas and increased taxes claimed back by the tobacco industry.

Revenue spokesperson Andrew Williams says the tobacco industry plan will see it make big tax gains following the 10 per cent increase on tobacco tax which came into effect on January 1.

“'They were even chartering planes at huge expense to fly cigarettes into the country and stockpiled in warehouses to meet the 31 December deadline. That's how lucrative this scheme is,” Mr Williams says.

“The Government has not picked up on the loophole which will see companies stand to make tens of millions of dollars for doing nothing. They won't even have to sell the cigarettes in New Zealand.

“Soon they will be on ships back to Asia while New Zealand taxpayers will be paying out large tax rebates to these operators.

“The Ministers of Revenue and Customs need to quickly step in and seize the merchandise pending investigations, and close the tax rort that is being peddled under their noses,” says Mr Williams.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On The Ombudsman’s Verdict On Paula Rebstock And Ian Rennie

Unfortunately, the brave and damning report by Ombudsman Ron Paterson on the “flawed” and “unfair” inquiry conducted by Dame Paula Rebstock into events at MFAT pulls back the veil on a far wider issue. More>>

ALSO:

Charities' Report: Stressed Families - Overstretched Services

“Like so many of the whānau and families they serve social service organisations are under huge financial stress. The support demanded from desperate people in communities is far outreaching the resources available.” More>>

ALSO:

Detention: Wellingtonians Protest Treatment Of Refugees

Peace Action Wellington (PAW) and around 50 Wellingtonians blockaded the Australian High Commission, creating a symbolic detention centre to protest the Australian Government's policy of mandatory offshore detention for refugees and asylum seekers. More>>

ALSO:

Diver's Alarums: Breach Means Training Provider Must Repay $1.47 Million

The New Zealand School of Outdoor Studies is to repay $1.47 million (GST-exclusive) to the Tertiary Education Commission (TEC) following an investigation which showed that some student enrolments between 2009 -2014 could not be validated and that courses were under-delivered against their agreement with the TEC. More>>

ALSO:

Education: Government Plans Suggest Bulk Funding Return

Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. More>>

ALSO:

Interim Report: Auckland Looks Long Term To Pay-Per-Km Road Pricing

Aucklanders can expect to be paying variable rates per kilometre to travel on the city's most congested roads under an emerging transport strategy being formulated by the government and the Auckland Council. More>>

ALSO:

Despite Promises: Government Extends Iraq Deployment

Cabinet has agreed to extend New Zealand’s contribution to the joint New Zealand-Australia mission to train Iraqi Security Forces until November 2018. More>>

ALSO:

On The 'Terrorism' Card:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news