Parliament

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

 

Shaw signals CGT could be on its way

Associate Finance Minister James Shaw’s statement today that he wants to see a Capital Gains Tax should strike fear in the hearts of New Zealanders, says National’s Finance spokesperson Amy Adams.

“The Green Party co-leader has given the clearest indication yet that a Capital Gains Tax could be coming, on the eve of the public release of the Tax Working Group’s final report.

“Mr Shaw has revealed a lack of deep thinking about the impact of yet another tax from this coalition Government with his claim that it is the answer to everything from the housing crisis to rates of pay.

“The Tax Working Group itself has dismissed the role tax could play in fixing the housing crisis and Mr Shaw doesn’t explain his claim that a tax on capital gains would ‘build a more productive, high-wage economy’. It is lunacy to think a new tax can boost productivity.

“What is clear is that a Capital Gains Tax would be a tax on the retirement savings of hard-working Kiwis, small business owners, the family bach, farms and direct investments in financial markets.

“New Zealanders don’t need additional taxes but that’s exactly what they’re being saddled with by this Government. That’s the reason we pay more than we need to fill up the family car and why rents are rising.

“There’s more to come, including further hikes in petrol taxes to bankroll a Government which is wasting billions of dollars on failed policies such as fees free tertiary education and a provincial slush fund for NZ First.

“National wants New Zealanders to keep more of what they earn. We won’t introduce any new taxes in our first term in Government. Instead we’ll focus spending on core services such as health, education and transport that contribute to better outcomes for New Zealanders and their families.”



© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Sir Michael Cullen’s Tax Reform

To ordinary wage and salary earners who (a) watch a slice of their gross income being taxed every week via PAYE and who also (b) pay GST on every single thing they buy, there has been something quite surreal about the centre-right’s angry and anguished reactions to the Tax Working Group’s final report... More>>

 
 

89 Cents An Hour: Govt Plans Fix For Minimum Wage For People With Disabilities

IHC is delighted that the Government is looking into replacing the Minimum Wage Exemption (MWE) with a wage supplement to ensure people with disabilities are paid at least the minimum wage. More>>

ALSO:

Te Waihanga: New Independent Commission To Tackle Infrastructure Issues

The New Zealand Infrastructure Commission – Te Waihanga – will be established as an Autonomous Crown Entity to carry out two broad functions – strategy and planning and procurement and delivery support. More>>

ALSO:

Auckland Action Against Poverty: Motels Profit From Housing Crisis

A single motel which charges up to $1,500 per week per room has received over $3 million worth of Government funds to provide emergency assistance, despite never having a Code Compliance Certificate – an offence under the Building Act – and receiving a series of longstanding complaints from occupants... More>>

ALSO:

Gordon Campbell: On The Alleged China Relations Crisis

If New Zealand’s relations with China are ‘deteriorating’ then you still need a microscope to detect the signs... More>>

ALSO:

Environment: Government To End Tenure Review

“Tenure review has resulted in parcels of land being added to the conservation estate, but it has also resulted in more intensive farming and subdivision on the 353,000 ha of land which has been freeholded. This contributed to major landscape change and loss of habitat for native plants and animals,” said Eugenie Sage. More>>

ALSO:

Bell Tolls: Big Changes, Grand Mergers Planned For Vocational Training

“At a time when we’re facing critical skill shortages, too many of our polytechnics and institutes of technology are going broke... More>>

ALSO:

Sallies' State Of The Nation: Progress Stalled In Reducing Inequality

The report shows a lack of tangible progress in key areas including record levels of household debt and a growing gap in educational achievement between poorer and more well off communities. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels