Parliament

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

 

Kiwis struggling as tax take nears 50K per household


Hardworking Kiwis are struggling under the strain of taxes with total government revenue now representing close to $50,000 per household, according to ACT Leader David Seymour.

“Income tax, GST, corporate tax, excise on cigarettes and alcohol and various other taxes saw government take in nearly $85 billion in the year to 30 June 2018 – that’s $48,400 for each household in New Zealand.

“According to the Heritage Foundation, New Zealand has a tax to GDP ratio of 32.8 per cent, far above the global median of 23.5 per cent. 94 per cent of world’s population live in countries with lower tax ratios than New Zealand’s.

“Tax deters people from being productive. Just as government taxes cigarettes to deter smoking, taxes on working, saving and investing mean people do less of those activities too, leaving us all poorer.

“ACT would deliver meaningful tax cuts with the Government’s surplus and by cutting corporate welfare and wasteful spending, like Fees Free and the Provincial Growth Fund.

“Our plan is to deliver a tax cut for every working New Zealander.

“That means a top rate of 10 per cent for those earning up to $14,000. Workers on between $14,000 and $48,000 will pay no more than 15 per cent, down from 17.5 per cent. A person on the minimum wage will keep an additional $500.

“New Zealanders earning more than $48,000 will pay no more than 25 per cent. Someone on the average wage will hold on to about $1,500 more each year.

“Small and medium-sized businesses are the engine room of our economy. ACT would cut company tax from 28 to 25 per cent so they can grow and create new jobs.



“We would end corporate welfare to help fund these tax cuts. Rather than giving handouts to politically-connected businesses, the Government can support growth by cutting company taxes. Reducing the tax burden on all companies will enable them to grow, take on new staff, and pay higher wages.

“With the National Party running on a ‘no new taxes’ platform that would simply return the tax system to the status quo of election night 2017, New Zealand needs a strong ACT to deliver real tax cuts for hardworking Kiwis.”

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Gordon Campbell: On Being Australia's Pacific Go-Fers

Inevitably, there was an aspect of ‘what might have been’ about the weekend’s meeting in Canberra between PM Jacinda Ardern and her Australian counterpart, Scott Morrison. If not for the surprise election result, Ardern would almost certainly ... More>>

 

RNZ: Trades Hall Bombing Case Re-Opened, Evidence Released

The cold case has been reopened and the police have recently revealed more details about the bomb's components - including that it was wrapped in a 1977 edition of The Evening Post. More>>

Safety: Govt Targets Fewer Deaths On The Road

“Most roads deaths and serious injuries are preventable and too many New Zealanders have lost their lives or been seriously injured in crashes that could have been prevented by road safety upgrades,” said Associate Transport Minister Julie Anne Genter. More>>

ALSO:

Pay Rise Delay: Teachers Unions Plan Legal Action Against Novopay

Both of the teachers unions - NZEI and the PPTA - have confirmed they will be taking legal action against Novopay. More>>

ALSO:

Emission Statement: 'Consensus Reached' On Agriculture

Today the Government launched a consultation document, informed by the work of the Interim Climate Change Committee (ICCC), on how to bring agriculture into the emissions trading scheme, a key part of the Government’s plan to tackle climate change and reduce New Zealand’s emissions. More>>

ALSO:

Gordon Campbell: On What’s Wrong With Wellington

For many Wellingtonians, it hasn’t been the normal hardships – the workings of central government and the lousy weather – that have recently pushed their tolerance into the red zone. It has been the inability of local government to maintain even the basics. More>>

ALSO:

$1m Compensation Paid: First Gun Ban Event In Christchurch

The Police Minister says the first ever firearms collection event in Christchurch over the weekend was a huge success. But Stuart Nash had concerns about whether the participation reflected the number of weapons in the region. More>>

ALSO:

The Kids: Youth Parliament 2019 Event Kicks Off

120 Youth MPs and 20 Youth Press Gallery members have gathered in Wellington to attend the two-day Youth Parliament event ... More>>

ALSO:

Friends Like These: Foreign Minister To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. today for talks with senior members of the US Administration, and to attend the Ministerial to Advance Religious Freedom. More>>

ALSO:

Gordon Campbell: On The Aussie Banks’ Latest Fee Hike Excuse

When the Reserve Bank sought feedback on its plans to require the country’s major banks to raise their capital reserves then you might have expected the banks to whine and complain. And so they have. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels