Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Stampede Predicted to Avoid ‘Envy Tax’

“A stampede” of early tax payments to avoid Michael Cullen’s new over-$60K Envy Tax is predicted by Libertarianz leader Peter Cresswell, with companies racing to build up imputation credits before the end of the financial year.

“Company tax paid in the current financial year allows declaration of tax paid dividends in the current financial year, and should negate Cullen’s envy driven grasping on people earning over $60,000 per year from April 1st ,” says Cresswell. With many individuals also transferring shares and investments to family trusts to protect against further government theft, Libertarianz estimates that Comrades Clarke and Cullen will be lucky to get even a quarter of the $400 million they expected their envy tax to take from New Zealanders.

“The only tangible benefit accruing from the Comrades’ tax will be for accountants devising new methods to reduce tax-paid incomes below the $60,000 threshold. But, of course, we always knew that, didn’t we?”

“Of further concern though is the silence from Industry and Business – where is the criticism of the government’s grasping tax plans,” wonders Cresswell. “lt sounds like they are already beaten! Or are they simply snivelling around Anderton’s new trough?”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news