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

The Gili Islands: A Community Earthquake Recovery Effort

Joseph Cederwall travelled to the Gili Islands in October 2018 to talk to locals about their experiences of the event and witness the impact and the rebuild efforts on this unique ecotourism destination.

2018 was a difficult year for the Indonesian archipelago. This chain of fragile and largely low-lying islands is situated on a particularly unstable segment of the Pacific rim of fire. Last year the islands were hit by a series of devastating natural events including a series of Lombok, Sulawesi and Java based earthquakes and resultant tsunamis.More>>

 
 

DHBs "Prepared": Junior Doctors Strike Tuesday, Wednesday

The needs of acute patients will be met during tomorrow's junior doctor strike, a DHB spokesperson says... Almost 3000 junior doctors are expected to walk off the job, which will affect all DHBs apart from West Coast District Health Board. More>>

ALSO:

Gordon Campbell: On MBIE’s Social Media Scam

Given the ambit of MBIE’s work, almost any form of social activity could qualify as being part of MBIE’s brief, so the privacy threats posed by this training programme are extensive. The current oversight safeguards seem threadbare to non-existent. More>>

ALSO:

JusTrade: New Campaign For A 21th Century Trade Agenda

‘Critique is no longer enough. If anything is to really change, we need to step away from the existing framework and take a first-principles approach to rethinking what will work for the 21st century.’ More>>

Earlier:

Gordon Campbell: Thompson + Clark Are The Tip Of The Iceberg

How can we tell where and how any lines are being drawn? Oversight is not exactly robust. If it were, Thompson + Clark would have been out of contention for state security work ten years ago. More>>

Trainers: Taratahi Institute of Agriculture In Interim Liquidation

Taratahi employ 250 staff and this year has provided education to over 2500 students. Taratahi owns and manages 8 farms throughout the country. More>>

ALSO:

IPCA Report: Complaints About Deputy Commissioner Wallace Haumaha

The Authority has found that DC Haumaha acted improperly by approaching staff and others to provide information to support him to refute the allegations about his 2016 conduct, or solicited other staff to do so on his behalf... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels