Parliament

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

 

Tax Base Needs To Be Broadened

New Zealand's tax base needs to be broadened, Alliance leader Jim Anderton told an audience of superannuation fund managers in Wellington today.

'New Zealand stands out from all other OECD countries for the proportion of taxation revenue contributed by individual income.

In other words, our wage and salary earners are carrying a far higher proportion of the overall tax burden than wage and salary earners in other developed countries,' Jim Anderton said.

'Our overall taxation levels are lower than the OECD a verage, but the proportion of Government revenue in New Zealand which comes from income tax is much higher than elsewhere.

'OECD figures put the proportion of total Government revenue raised from income tax in New Zealand at 60.6% - higher than for any other OECD country.

Only two other countries, Denmark and Australia, depended on income tax for more than 50% of total Government revenue.

'At the same time, overall levels of tax are significantly lower than OECD and Euro! pean Community averages and well behind levels in countries such as the UK and Germany.

'The apparent paradox is explained by the virtual absence of any taxes on wealth.

We are almost unique for the absence of wealth taxes.

Wealth taxes make a double figure contribution to overall Government revenue in countries like the US, the UK and even Australia.

'Jim Anderton said it was clear that the tax base needed to be broadened.

'There are lessons for the Alliance, too, as we prepare to announce our tax policy f or the next election.

If we want to raise the revenue to pay for a better health system, to remove tertiary fees and to invest in jobs, then we can't do it by simply increasing tax on middle New Zealand.

'Make no mistake, the Alliance is still committed to progressive taxation.

People on million dollar salaries, like Telecom chief executive Rod Deane, can afford to pay more tax and they will.

He doesn't need Bill English's tax cut.

'But the government's revenue shoul! d be coming from a much broader base, including both income! s and wealth.

When jobs are a priority and the balance of payments is in crisis, raising revenue through tariffs seems to be a better source of revenue than steep tax increases on ordinary households.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Joseph Cederwall: Building a Community Newsroom

The “Scoop 3.0” Transition Plan
There is good reason to believe that a new path and a better future is possible for Scoop in 2019 as a pioneering independent Media company. A combination of new technology, ideas, institutions and business models and a renewed energy and commitment by the Scoop team, means Scoop aims to be at the forefront of the development of this renaissance that we term ‘News 3.0’.

By opening up Scoop’s structure to community ownership and exploring decentralised technology through the blockchain we can ensure the public has a stake in this enterprise and a say in its development. More>>

 

Gordon Campbell: On Jami-Lee Ross (And The New Hobbit Law)

Clearly, Jami-Lee Ross is not waging a normal form of political warfare, with agreed rules of combat and rational cost/benefit calculations.

This is politics-as-terrorism where everything is being sacrificed by the man in the bomb vest in order to remove Simon Bridges as the leader of the National Party. More>>

Text Messages Released: National On $100,000 Donation(s)
The Botany Electorate of the National Party received 8 donations, and Mr Ross declared 8 donations to us. More>>

ALSO:

Film Industry Working Group:

Three Killed: DOC Supporting Family, Colleagues After Helicopter Crash

The Department of Conservation (DOC) is rallying around family and colleagues of the staff who died in a helicopter crash this morning in Wanaka... The helicopter, with two DOC staff on board, was on its way to undertake tahr control in the Haast area when it crashed. More>>

ALSO:

Political Donations: Greens Call For Tighter Anonymity Rules And Public Funding

“It is clear that those vested interests have a tangible influence on the decision making of political parties. This is a threat to democracy and should change.” More>>

ALSO:

Education Amendment Bill Passes: Urgency Sought For Partnership School Treaty Claim

The claim takes issue with the acts and omissions of the Crown in respect of the closure of Partnership Schools | Kura Hourua. More>>

ALSO:

Salvation Army Paper: Call For Public Housing Investment

To meet these future demands the report suggests the government needs to look beyond the private rental market and begin to invest heavily into home-ownership programmes and more public and social housing. More>>

ALSO:

Cull: Himalayan Tahr Control Operation Proceeding

“The target of controlling 10,000 Himalayan tahr over the next eight months remains. The revised plan provides for a staged control operation with increased reporting to the Tahr Liaison Group...” More>>

ALSO:

Health: Petitions To Fund Breast Cancer Drugs

Women marching to Parliament today, to present two petitions calling for Government funding of vital medicines, have 100% support from a coalition representing than 30 breast cancer organisations. More>>

ALSO:

Animal Welfare Advisory Committee: Report On Rodeo Practices Released

The independent committee that advises the Minister responsible for Animal Welfare, has today released a report on animal welfare in rodeos, together with advice to the Minister making recommendations to improve the welfare of the animals in rodeos. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels