Parliament

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

 

English doesn't understand tax

Jim Anderton MP Mon Aug 30 1999

Jim Anderton
MP The claim that 50,000 low income families will pay no tax next year shows that the Treasurer doesn't really understand the tax system, Alliance leader Jim Anderton said today.

'They all pay GST, which is a 12.5% tax on everything they buy.

'Mr English gives the example of a single-income family with four children under thirteen, which he says receives $55 more in family assistance than it pays in tax.

'He is wrong. Assuming the family spends a third of its income on rent, it pays $2752.13 in GST, or about fifty-three dollars a week.

'Mr English should explain why he thinks a family of four, trying to get by on a single income of $30,000, should pay an extra $53 a week in tax for their food, clothes and bus fares.

'However, if the family spent their meagre income on shares, financial securities and international trips, as Mr English's National Party cronies do, they wouldn't have to pay GST at all.

'The Treasurer says, 'It's hard to see how people can argue that tax cuts are bad for these families. Yet only last Friday he described a proposal to reduce their tax burden by replacing GST with FTT as 'loopy.'

'At best, Mr English doesn't understand the tax system he has recklessly been put in charge of. He seems to think that personal income tax is the only type of tax. It isn't. In looking at the tax system, it is important to look at the full range of taxes,' Jim Anderton said.

ENDS



© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Gordon Campbell: On Reforming Parliament’s Toxic Culture

It would be nice to think Parliament was a forum where rationality ruled – and where policies are raised and evaluated in terms of their contribution to the greater good. Obviously, it isn’t like that... More>>

Historic Assualt Allegation: Parliamentary Service Staff Member Stood Down
Rt Hon Trevor Mallard said today: “I do not want to cut across any employment or possible police investigations, but I am satisfied that the Parliamentary Service has removed a threat to the safety of women working in the Parliamentary complex." More>>


 

Fatal 2018 Crash: Police Officer Should Not Have Engaged In Pursuit

The Independent Police Conduct Authority has found that a Police officer should not have tried to stop or pursue a car thought to contain young people in Palmerston North on 28 May 2018. More>>

ALSO:

New Poverty Targets: Goals Overlook 174000 Children In Worst Poverty

Child Poverty Action Group is pleased to see the Government set ambitious 10-year targets for child poverty reduction, but we are disappointed not to see a target set for improving thousands of young lives where the worst of poverty is found. More>>

ALSO:

Study: Guidelines Needed To Avoid Risks In Government AI

New Zealand is a world leader in government algorithm use – but measures are needed to guard against their dangers. This is the conclusion of a New Zealand Law Foundation-funded report from the University of Otago’s Artificial Intelligence and Law in New Zealand Project. More>>

ALSO:

Pike River: Families Welcome Opening Of Drift

The group representing 29 of the Pike River Families - the Pike River Family Reference Group - has welcomed the unsealing of the mine at a private family event this morning... More>>

ALSO:

Auckland Harbour Bridge: New Design For Walking And Cycling Crossing

The NZ Transport Agency has released plans for its preferred option for a shared path over the Auckland Harbour Bridge which will transform walking and cycling not only across the harbour, but throughout the city. The Transport Agency says its preferred ... More>>

ALSO:

Wellington:

Shaw First Reading Speech: Climate Change Response Bill

Madam Speaker, today we begin the task of amending the Climate Change Response Act [2002], to fulfil the commitment that we have made, as a country, to limit global warming to no more than 1.5 degrees Celsius above pre-industrial levels. More>>

ALSO:

Housing: More Unsold Kiwibuild Houses Bought By Govt

The Crown underwrite for unsold Kiwibuild homes has been triggered for a second time. Now lack of sales in Mike Greer's development in Canterbury and Auckland means the government has had to buy back seven more homes. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels