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


Second study shows ACT best for jobs and growth

A second independent survey has found that the ACT Party's policies would have the most positive impact on job creation and economic growth.

The Infometrics Ltd Assessment of 1999 Political Party Tax Policies has concluded that ACT's five year programme to take the top rate of tax to 20 cents in the dollar is expected to yield the most positive results in terms of economic performance.

Commenting on the survey ACT Leader Hon Richard Prebble said there have now been two major independent studies of the political parties' policies and both have put ACT as the clear leader.

Last month a survey of New Zealand manufacturers also rated ACT's policies as the best for business and for jobs.

"The Employers Federation commissioned the independent research group Infometrics to undertake a study of the tax policies of the main political parties and their likely impact on economic and employment growth," Mr Prebble said.

"The Infometrics study says "ACT's policies will add an extra 5% to economic growth over the next ten years". It goes on to say, "The analysis shows that the economy will perform best under ACT type policies, based on their emphasis on moving towards a low flat tax structure as providing the greatest chance of sustained economic growth as we enter the new millennium."

"The policies of ACT and National were rated first and second respectively, with Labour's third and the Alliance policy "a distant fourth".

"The study states that "the tax policies of the Alliance seem totally focused on addressing income distribution issues. Our assessment is that they would have some initial success in redistributing income away from the wealthy, but that these gains are likely to be offset by the consequences they have on reducing economic prospects"."

Mr Prebble said it was pleasing to see confirmation by two independent studies that ACT's low-tax policy would boost jobs and growth far more than the policies of any other party.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Lest We Forget: ANZAC Day - WWI 100 Year Anniversary

The Governor-General, The Rt Hon Dame Patsy Reddy, GNZM, QSO, will represent the people of New Zealand at the 2018 Anzac Day commemorations in Gallipoli. On Anzac Day, Dame Patsy will speak at the Joint New Zealand and Australian Dawn Service in Anzac Cove, and at the New Zealand Commemorative Service at Chunuk Bair later that morning... More>>


HiveMind: Fair Enough? How Should New Zealanders Be Taxed?

Have Your Say - Scoop and PEP invite you to share your issues, ideas and perspectives on the NZ tax system with other New Zealanders using Scoop’s HiveMind tool. This Tax HiveMind is intended to complement and feed into the review being run by the Government-appointed Tax Working Group (TWG), which is looking at the fairness, balance and structure of the tax system with a 10-year time horizon. More>>


Gordon Campbell: On Thompson + Clark & Russia’s World Cup

Daily, the coalition government keeps running into examples of the toxic legacy left behind by National – and just as regularly, even the simple fixes are proving stubbornly difficult to enact. Take the case of the security firm Thompson + Clark ... More>>


Gordon Campbell: On The GCSB’s Security Hang-Up With Russia

So our GCSB has chimed in, alongside its British, Australian and US allies, with warnings about a “fresh wave” of Russian cyber attacks, although the warning has been curiously framed. More>>


PM's Europe Trip: CHOGM & Bilateral Meetings

Prime Minister Jacinda Ardern is in Europe for the Commonwealth Heads of Government Meeting (CHOGM) in London and meetings with counterparts in Paris and Berlin. More>>


Addressing Climate Change: No New Offshore Exploration Permits

The Coalition Government is taking an important step to address climate change and create a clean, green and sustainable future for New Zealand, Prime Minister Jacinda Ardern announced today. More>>


Road Safety Summit: Actions To Improve Identified

The Local Government Road Safety Summit held last week identified actions that will lead to lasting changes to road safety in New Zealand, says Associate Transport Minister Julie Anne Genter. More>>





Featured InfoPages