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Depreciation Policy Shouldn’t Be Just for Pet Industries

Labour Party Accelerated Depreciation Policy Shouldn’t Be Just for Pet Industries

The Taxpayers’ Union is welcoming Labour’s announcement to beef up rates of depreciation in the manufacturing sector, but is questioning why David Cunliffe is picking winners rather than applying the policy across all sectors. Jordan Williams, the Union’s Executive Director says:

“If we want to transform New Zealand into a high wage economy with more capital investment, increasing depreciation rates for tax purposes makes sense. Labour's policy is likely to encourage more capital investment and reduce the tax burden of the business affected.”

“We like the policy, but once again politicians are trying to ‘pick winners’ and do favours to particular industries rather than setting an equal playing field, reducing the tax burden for all and standing back. The policy should be applied across the board.”

ENDS

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Election Day: Make Sure You're A Part Of It!

Saturday 20 September, is election day, and New Zealanders’ last chance to have a say on who leads the country for the next three years.

“The people and parties we elect tomorrow will be making the decisions that affect us, our families and our communities,” says Robert Peden, Chief Electoral Officer. “It doesn’t get much more important than that, and we need all New Zealanders to use their voice and vote.”

Voting places will be open from 9.00am until 7.00pm on election day. The busiest time at voting places is usually 9.00am - 11.00am.

“Take your EasyVote card with you when you go to vote, as it will make voting faster and easier, and vote close to home if you can. But don’t worry if you forget your card, or didn’t receive one, because as long as you are enrolled to vote, your voice will be heard,” says Mr Peden. More>>

 

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