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

 


High taxes won't encourage brightest and best

MEDIA RELEASE

10 August 1999
High taxes won't encourage brightest and best to stay

Treasurer Bill English said Labour's claim that its industry and competition policies would encourage the country's brightest and best to stay defied logic when Labour also planned to increase taxes for people earning more.

"The message from Labour is that if you earn more we want to tax you more.

"Our brightest and our best will stay in New Zealand if they can get interesting, well-paid jobs. Lower taxes are an important part of the equation because they signal that we value enterprise and reward for effort.

"Lower taxes are crucial to a culture of innovation and enterprise by encouraging people to save and businesses to invest.

"Dr Cullen says Labour's industry development policy is the centrepiece of its strategy for encouraging more knowledge-intensive enterprise. This policy amounts to cash handouts for a few businesses.

"And handouts for a few are no replacement for the nitty gritty of good policy aimed at results for every business, such as producer boards and ACC changes.

"Labour's plan to increase taxes on workers to fund grants and incentives for businesses defies logic," said Mr English.

Ends


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news