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

 

Tax cuts won’t lessen lure of Australia

CTU media release

20 May 2010

 

Tax cuts won’t lessen lure of Australia


The Government could be spending more to help people on lower incomes and to improve public services with the improved economic outlook and government deficits disappearing even earlier than forecast in the last Budget or in December, said the CTU. Instead $460 million is being spent this year on tax cuts, meaning the Government exceeds its self-imposed Operating Allowance of $1.1 billion.

“The tax changes announced won’t stop anyone leaving for Australia,” said Bill Rosenberg, CTU Economist and Policy Director. “Treasury calculates the net benefit will be 0.7 percent for those on high and low incomes, and 0.4 percent for middle income New Zealanders. But those on high incomes don’t all own property, and those that do have plenty of room for finding ways to avoid the property tax rises. People on incomes of millions of dollars could benefit by up to 5 percent – but these figures are hardly enough to bridge the 20-30 percent income gap with Australia.”

“We welcome the changed tax regime for property but it is not enough to bring a ‘step change’ in our economy.”

“District Health Boards are going to be under great pressure. Their funding has been increased by only $350 million, compared to the $450 million the CTU has calculated they require. In addition, they won’t have any help with deficits from central government.”

“Opportunities have been missed to put more into education at a time when students are queuing to get into tertiary education. More opportunities for industry training are urgently needed as skills shortages loom as a result of competition with Australia.”

ENDS

 

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election