Parliament

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

 

OECD says CGT would address inequality and grow the economy

David

PARKER

Spokesperson for Finance

5 June 2013

OECD says CGT would address inequality and grow the economy

National’s misrepresentation of the OECD’s latest economic survey of New Zealand is cynical bluster and its diversionary tactics should be ignored, says Labour Finance spokesperson David Parker.

“The OECD, like the Labour Party, endorses the Government’s planned return to OBEGAL surplus in 2014/15, but it also highlights that there are myriad social and economic imbalances that must be addressed.

“Rather than looking at the report through rose-tinted glasses, the Government’s time would be better spent implementing policies like a Capital Gains Tax (CGT) that would address growing inequality and our various economic imbalances.

“The OECD says upfront that New Zealand would be wise to implement a CGT to ‘make the tax system more conducive to both growth and equity’.

“It also notes that that, ‘the lack of a capital gains tax in New Zealand exacerbates inequality’ and ‘reinforces a bias toward speculative housing investments and undermines housing affordability’.

“Labour knows that Kiwi incomes are well below the OECD average, and that growth has been sluggish. We have introduced polices to raise incomes, create jobs and address increasing instability in the housing market.

“A responsible government would pull the levers necessary to address these issues.

“Bill English knows that a CGT is necessary but is too wedded to the vested interests that back his party to implement this essential reform.

“Labour is focused on introducing much needed policies that work for all New Zealanders.

“National has given up on rebalancing the economy. Under its watch New Zealanders can look forward to a weakening export economy, higher house prices and rising inequality,” David Parker said.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Ellen Rykers on The Dig: Community Conservation – The Solution To The Biodiversity Crisis?

There are backyard trapping networks doing their bit for Predator Free 2050, farmers planting native trees along their waterways, and iwi protecting whenua rāhui. There are 62 biodiversity sanctuaries across 56,000 hectares, with around two-thirds of them community-led. There are citizen scientists counting birds in their backyards and landowners conserving habitat in 3,500 Queen Elizabeth II National Trust covenants.

It’s increasingly clear that a government agency alone cannot combat the biodiversity crisis successfully. These grass-roots initiatives are a growing resource in the conservation toolbox. More>>

Closing This Weekend! Have Your Say On The Issues For NZ's New Biodiversity Strategy

Scoop and PEP invite you to help decide how we should protect and restore our biodiversity over the next 50 years using Scoop’s online engagement platform, HiveMind. HAVE YOUR SAY HERE>>

 

Climate Change: Adaptation And Risk Assessment Framework Released

“We are already experiencing the effects of a changing climate such as coastal inundation and increasingly frequent and severe droughts, floods, fires and storms. This framework is an acknowledgement that we must start adapting”, James Shaw said today. More>>

ALSO:

Ihumātao: Mana Whenua Reach Decision On Land

Māori King Tūheitia says mana whenua have finally reached consensus over what to do with Ihumātao - they want it back. More>>

ALSO:

PM To Japan, New York: Ardern To Meet Trump During UN Trip

“I’m looking forward to discussing a wide range of international and regional issues with President Trump, including our cooperation in the Pacific and the trade relationship between our countries." More>>

PM's Post-Cab: "A Way Forward"

At Monday's post-cabinet press conference, Prime Minister Jacinda Ardern announced a number of actions in response to the Labour Party's mishandling of sexual assault complaints. More>>

ALSO:

Gordon Campbell: On Allegations Of Left Wing Media Bias

“Left wing bias” accusations date back at least to the mid 1990s... The charge of left wing bias was ridiculous then, and is ridiculous now. More>>

Next Wave Of Reforms: Gun Registration And Licensing Changes Announced

“The Bill includes a register to track firearms and new offences and penalties that can be applied extraterritorially for illegal manufacture, trafficking, and for falsifying, removing, or altering markings – which are a new requirement under the Firearms Protocol.” More>>

ALSO:

Gordon Campbell: On Labour’s Mishandling Of The Alleged Sexual Assault

The focus of Labour’s alleged sexual assault scandal has now shifted from the party organisation to the Beehive... This is now a crisis of Beehive management and response, not something occurring at a distance within the party organisation. More>>

ALSO:

'History Rectified': Rua Kēnana To Be Pardoned

An official pardon for Tūhoe prophet and leader Rua Kēnana is one step closer after the Te Pire kia Unuhia te Hara kai Runga i a Rua Kēnana: Rua Kēnana Pardon Bill was read in Parliament for the first time today. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels