Parliament

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

 

New Tax Will Cost Jobs

Treasurer Bill English said the land tax promised today by the Alliance proved that a Labour-Alliance government would not simply be putting taxes up, but introducing new ones as well.

"New taxes would be a certainty with a Labour-Alliance government, not just higher taxes..

"This makes a mockery of Dr Cullen's proposal for a tax review because there's little point having a review if you've already decided on a number of new taxes. It looks like Jim Anderton forgot to discuss his land tax with Labour.

"The Alliance hopes to raise $425 million a year from New Zealand businesses from its land tax. This would be equivalent to a 4 cent rise in the company tax rate, although the burden would fall more heavily on some businesses.

"Labour-Alliance policies will cost business at least $700 million - $200 million to reverse the ACC changes, $100 million for paid parental leave, and now $400 million land tax. That must cost jobs. No single business in New Zealand will benefit from the Labour-Alliance policies.

"We should be encouraging business to invest and grow because that's what creates jobs and more pay for New Zealand workers. Hitting business with a new tax to pay is punishing the people who have got the energy and commitment to try and do well for themselves and for New Zealand.

"The Alliance wants to set up a new Ministry of Economic Development to administer a $200 million Economic Development Fund. This is supposed to help business and encourage innovation and enterprise. Giving $200 million to business with one hand and taking $425 million away with a new tax proves what a nonsense that is.

"The only business that a land tax will encourage is business for lawyers and accountants," said Mr English.

Ends




© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Environment Aotearoa 2019: Report Warns Environment In Serious Trouble

The report is jointly produced by the Ministry for the Environment and Statistics New Zealand, and is a follow on from the last report in 2015.

The report says the way New Zealanders live and make a living is having a serious impact on the environment, and the benefits New Zealanders get from being in nature, though not measured or quantified, could be lost. More>>

 

Gordon Campbell: On Scrapping The Capital Gains Tax

As PM Jacinda Arden said yesterday, there was no point in Labour bringing a proposal into the House that it didn’t have the votes to get passed. Looking back, maybe she always felt this outcome to be inevitable... More>>

ALSO:

Welfare: Access To Hardship Grants Hits Record High

Figures from the Ministry of Social Development for the March 2019 Quarter showed that hardship assistance grants increased by $48 million in the past year... They also showed the emergency housing grants went from $6.6m to $23m, and there were 70,000 extra requests for assistance for food. More>>

ALSO:

City Rail Link: Billion Dollar Cost Rise (And Preferred Bidder)

The revised cost envelope for completing the entire Auckland City Rail Link project now totals $4.419 billion. The revised cost has yet to be endorsed by the project’s sponsors (the Crown and Auckland Council). More>>

ALSO:

Meth Scare: Debt Write-Off For HNZ Meth Testing Evictions

People living in Housing New Zealand (HNZ) properties who were wrongly evicted because of flawed methamphetamine contamination policies will have their related debts with the Ministry of Social Development (MSD) written off. More>>

ALSO:

RNZ Report: Fears Grow For NZ Nurse Kidnapped In Syria

A New Zealand nurse working for the Red Cross was captured by Islamic State (IS) in Syria more than five years ago, and there are now public pleas for any information that could help bring her home. More>>

ALSO:

Streets Blocked In London: Climate 'Extinction Rebellion' Reaches Aotearoa

Across the world, thousands of people are taking part in a rebellion to avert climate, ecological and human catastrophe. This begins in Aotearoa New Zealand today. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels