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

 


EPMU welcomes incomes-boosting budget

May 17, 2007

EPMU welcomes incomes-boosting budget

The country’s largest private sector union has welcomed Budget 2007 saying it has the potential to boost incomes.

The combination of Kiwisaver measures, with its own tax benefits for employers and employees, as well as a lower corporate tax rate means workers should be able to secure good contributions to retirement savings and up-front pay increases says the Engineering, Printing and Manufacturing Union.

EPMU National Secretary Andrew Little says the corporate tax cut announced today brings New Zealand’s business tax rate into line with Australia’s which should mean more money for New Zealand production and jobs.

“This is an incomes budget with a long-term outlook and we welcome it but now business has got its tax cuts we’re expecting it to step up to the mark with higher wages and more investment in New Zealand’s manufacturing sector,

“While some commentators are already labelling the compulsory contributions to KiwiSaver a ‘payroll tax’it’s well worth noting that these contributions are subsidised through employer tax credits and represent only a tiny proportion of the value of the business tax cuts. Business has won an Australian-level tax rate and they should realise that this strengthens our arguments for raising Kiwi’s wages and conditions to Australian levels, including a fair super scheme for workers.

“The tax breaks around KiwiSaver will also provide much better long-term stability for both individual workers and their families and for the economy as a whole, whereas tax cuts would have only pushed inflation higher and made life even harder for low-income and indebted Kiwis.

“The test for business is to see how they use their corporate tax reduction. Will they invest in their businesses and their people or will they pocket the extra for themselves?”

Earlier this year the EPMU called for employer contributions to KiwiSaver to be included in bargaining claims across its more than 1500 collective agreements and will continue to push for decent pay rises.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Issue 49: Werewolf Weekender

Philip Matthews: From The Lost Continent
It’s a case of better late than never for Olivier Assayas’ marvellous After May/Apres Mai, which first screened at Venice in 2012, had a couple of North Island screenings last year during the International Film Festival’s “Autumn Events” season, got a theatrical release in Australia – but not here – and only now appears on DVD, after Assayas himself has moved on. More>>

The Complicatist: Blue Eyed & Soulful
For a while in June, the top two singles on the US Billboard charts featured Iggy Azalea, an Australian model turned hip hop performer. To some, this may seem like just the latest chapter in a long saga of whites ripping off black culture, while enriching themselves in the process. Obviously, there’s some truth in the stereotype. Yet it can also obscure the positive collaborations – in jazz, soul music and hip hop – between musicians who treated each other as creative equals, race regardless. More>>

Satire: Carry On Captaining
Oh hello. Scanner Technician Davis. To what do I owe the pleasure?
You think we’re what?
Oh, pish. This vessel has been travelling along smoothly for generations – particularly smoothly in the last few years though I say so myself – and I happen to know we have never once been hit by an asteroid... More>>

 

Parliament Today:

False Electoral Return: John Banks Sentenced To Community Detention, Community Work

“The conviction of John Banks today is another sad chapter for John Banks and the ACT Party”, says Labour candidate for Epsom Michael Wood. More>>

ALSO:

Gordon Campbell: On The Rise Of ISIS And Labour

While global attention got distracted by the fate of MH17 and the atrocities in Gaza, the world’s other mega ‘bad news’ story – the rise of ISIS-led fundamentalism in Iraq – has reached a tipping point. More>>

ALSO:

Rebuild: Christchurch City Council Releases Milestone Report

The Cameron Partners report says the Council may need to find an additional $783 million to $883 million by 2019... Options Cameron Partners proposed include increasing rates, borrowing more, maximising insurance payments, and freeing up capital from its commercial assets. More>>

ALSO:

Parliament Today: Parliament Adjourns

The 50th Parliament has adjourned for the final time. After the completion of the adjournment debate, MPs left for the campaign trail with Parliament to be dissolved on August 14 ahead of the September 20 election. More>>

ALSO:

Novopayout: Government-Owned Company To Take Over School Payroll

After lengthy negotiations, the Ministry of Education and the existing school payroll provider, Talent2, have settled both on the amounts payable by Talent2 towards the costs of remediating the Novopay service and a new operating model for the school payroll system. More>>

ALSO:

Employment: Labour Will Raise Minimum Wage, Restore Work Rights

A Labour government will raise the minimum wage $2 an hour to $16.25 and restore work rights to ensure the benefits of economic growth are shared fairly by all New Zealanders, Labour Leader David Cunliffe says. More>>

ALSO:

Police: Crewe File Review Released

No new evidence has come to light implicating any specific person as being responsible for the murders of Jeannette and Harvey Crewe... The review identifies there is a distinct possibility that Exhibit 350 (the brass .22 cartridge case) may be fabricated evidence, and that if this is the case, that a member of Police would have been responsible. More>>

ALSO:

Werewolf Issue #49: Gordon Campbell Interviews Laila Harre

For 25 years, Labour and National have been in virtual agreement about the basics of economic policy, and differed mainly on how to go about managing its social consequences. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news