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


Cullen Tinkering With Tax

"Michael Cullen’s amendments to the Income Tax Act are but a minuscule step in the right direction", says Libertarianz Finance Spokesman, Tim Sturm.

"The move to the use of standard accounting measures for the treatment of R&D expenses and the simplification of interest deductibility rules will, it is true, reduce the accounting and compliance burden on firms," he says.

"However these are trifling moves in relation to the total burden on the economy through taxation," Sturm says. "The amount of economic wealth wasted from the direct administrative burden of taxation, and from individuals being forced to shift resources around to minimise the amount of tax extorted from them, is enormous."

"Libertarianz opposes government extortion through taxation and advocates that all payments to government should be voluntary. The proper functions of government consistent with the right of individuals to freedom from the initiation of force - defence, police and the legal system - amounts to just 7% of current government expenditure. Given that this is commensurate with the amount New Zealanders voluntarily spend on insurance for similar reasons, I suggest," says Sturm, "that this is eminently feasible."

Libertarianz submission on tax to the current wider Tax Review can be found at http://www.taxreview2001.govt.nz/Submissions/Libertarianzparty.pdf


For more information contact:

Tim Sturm LIBERTARIANZ FINANCE SPOKESMAN e-mail: sturm_tim@hotmail.com

Libertarianz Media Coordinator: (025) 861 927, organon@ihug.co.nz


© 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