MEDIA RELEASE

Labour Wants to Chase Away Golden Goose

25 JUNE 2014
FOR IMMEDIATE RELEASE

Responding to this afternoon’s policy announcement that Labour will introduce a new 36% tax rate for income over $150,000, Jordan Williams, Executive Director of the Taxpayers’ Union says:

“The 2 per cent of New Zealanders who earn over $150,000 already pay 22 per cent of the total. We can’t expect high earners to stay in New Zealand if we continue to slap more tax on those most able to relocate."

“We are stunned that just as New Zealand gets back into surplus Labour wants to increase the tax burden rather than give New Zealanders tax relief."

"Raising taxes will not raise more revenue, it will chase away the golden goose."

ENDS

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