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

 


Lower tax take leaves Govt revenue $829m down

Lower tax take leaves Govt revenue $829m down

Falling tax revenue has left the Government‘s revenue $829 million lower than forecast, Labour’s Finance spokesperson David Parker says.

“For the fifth month in a row, the Government’s accounts have undershot expectations with tax revenue $829 million below forecast.

“Bill English claims the benefits of the economic growth are being shared fairly. If that were the case, tax revenue would not be short of his projections.

“The books have now been worse than predicted in November, December, January, February and now March.

“It will be interesting to see what effect this has on the Finance Minister’s wafer-thin micro surplus for 2014/15 that he will announce in next Thursday’s Budget.

“The Household Labour Force Survey released this week shows wages are stagnating and unemployment remains stubbornly high.

“Bill English is busy claiming workers can expect significant wage increases but if their pay was growing, the Government’s tax take would not be so short of its target.

“National’s lack of vision for the economy has been shown up by these continuing shortfalls.

“Labour’s economic upgrade will support better jobs and higher incomes,” David Parker says.

Ends


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news