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Corporate Welfare: Another Million on the Tab

MEDIA RELEASE

Corporate Welfare: Another Million on the Tab

15 JULY 2014
FOR IMMEDIATE RELEASE

Reacting to Science and Innovation Minister Steven Joyce's announcement that taxpayers will be handing over another $1 million to early stage ICT start-ups,Taxpayers' Union Executive Director Jordan Williams says:

“Another week, another million taxpayers' must fork out for Mr Joyce and his officials to pick winners. When will this Government say enough is enough and put a stop to corporate welfare?”

“Despite what politicians say, they do not help business by taxing the many to give handouts to a few sexy industries. If that approach worked, the West would never have won the Cold War."

ENDS


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