Parliament

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

 

Tax-hungry Govt would double-dip at drivers’ cost

Amy Adams - Finance

18 October 2018


Drivers are already angry every time they fill up at the pump and they’ll take no comfort from the Government’s willingness to double-dip on tax if petrol prices keep rising, National’s Finance spokesperson Amy Adams says.

“The Government imposed an excise tax increase of 4 cents a litre on petrol prices already at a record high and plans the same hikes in 2019 and 2020. It is stubbornly insisting more taxes are needed even though Kiwis are already reeling from rising living costs.

“The Associate Finance Minister has today signalled there will be no let-up for motorists if prices keep rising even though the Government may end up raking in as much in additional GST as it would from increases in excise. For example, if petrol prices go up by 30 cents, the GST on that alone would be 4 cents.

“The Government should cancel further fuel taxes if petrol prices keep rising as it will generate the same revenue from the GST alone. It should also own up to its part of the pain inflicted on drivers, since more than half the pump price is tax, instead of shifting all the blame onto oil companies.

“Fuel prices drove up consumer prices in the third quarter but the full impact on New Zealand’s economy is only starting to be felt as it shows up in the transport cost of getting raw materials to factories and finished goods and services to consumers.

“The Government insists more excise taxes and regional fuel tax are needed to fund infrastructure. A better strategy would be to cut wasteful spending like the $2.8 billion on fees-free tertiary education that hasn’t boosted numbers or the money thrown at a gondola for Whakapapa ski field.

“National would restore a policy framework that promotes economic growth, which is the only sustainable way to increase job opportunities and wages. Squeezing more tax out of motorists isn’t the answer.”

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Crowdsale And Crowdfunding Campaign: Help Create The Future Of Independent News

Two weeks to go! The Scoop 3.0 plan aims to create NZ’s first community-owned, distributed news and media intelligence ecosystem in 2019. We believe this ScoopPro media monetisation approach can be scaled and spread globally to support local and independent news efforts in regional New Zealand and around the world.

Scoop is an ecosystem, it would not exist without those who contribute to it, read it and rely on it for professional media purposes. Generous past support from this ecosystem has enabled us to come this far in developing our business model. Support our PledgeMe Campaign>>

 

14/11: Two Years’ Progress Since The Kaikoura Earthquake

Mayor John Leggett said it was a day for reflection, but also a time to recognise the work by many people to support progress towards recovery made across Marlborough since November 2016. More>>

ALSO:

Pike River: Mine Drift Re-Entry Plan To Proceed

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little. More>>

ALSO:

Appointments: New High Commissioner To Australia Announced

“Dame Annette King needs no introduction given her long running career as a parliamentarian where she has previously held a number senior Cabinet portfolios, including Justice, Police and Health. She also was Parliament’s longest serving female MP with 30 years’ service,” said Mr Peters. More>>

ALSO:

Two Years Since Kaikoura: Silvia Cartwright To Lead Inquiry Into EQC

“The inquiry will be the first of its kind under the Public Inquiries Act 2013 and will have all the powers of a Royal Commission, be independent of Government and make its report directly to the Governor-General. More>>

ALSO:

Gordon Campbell: On The Royal Commission Into Child Abuse

Obviously, it is good news that the coalition government has broadened the scope of its Royal Commission into the abuse of children, beyond its previous focus on children in state care. More>>

ALSO:

Cases Delayed: Court Staff Refuse To Handle Sentencing Papers

Dozens of court cases have reportedly been delayed, as court staff escalate industrial action at two Auckland courts by enforcing a ban on handling sentencing papers. More>>

ALSO:

Education: Primary Teachers Rolling Strikes

RNZ Report: More than 100,000 primary school students in Auckland will be home from school today as teachers and principals walk off the job for the second time this year. It's the start of a week of rolling one-day strikes around the country, after the collapse of contract negotiations last Thursday. More>>

ALSO:

"Process Was Sound": Inquiry Into Haumaha Appointment Released

The Inquiry’s purpose was to examine, identify, and report on the adequacy of the process that led to the appointment. It found the process was sound and no available relevant information was omitted. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels