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


Now for a tax you can understand

Media Release ACT Party
5 September,2014
Dr Jamie Whyte ACT Leader

Now for a tax you can understand

"Labour's Capital Gains tax, as described by David Parker, is designed to drive investors away from a property bubble to productive investments," says ACT Leader Jamie Whyte.

"This tax is really a raid on the pockets of New Zealanders to raise three billion dollars for Labour's big government spending machine. It is so complicated that even Labour is having trouble understanding it.

"ACT, in contrast, has a tax policy that will not take billions from the pockets of New Zealanders.

"ACT’s plan to lower the company tax from 28% to 12.5% would bring many real benefits to all New Zealanders.

• Instead of paying a tax to a big government spending machine, businesses could lower prices.

• Instead of the money paid in tax leaving the productive part of the economy, it will be retained for investment in plant and equipment, research and development. Better productivity would raise productivity and therefore wages.

• Companies that kept more of their income could set some aside to sustain the company in economic or market downturns. This will benefit the whole economy.

• It would be easier to start and develop new companies and enterprises.

• If a large swathe of their profits was not taken by government, companies would have room to pay better wages and hire more employees. More employees on better wages is a boost to all other parts of the economy. It means fewer people on welfare, and more in work and paying taxes. Workers with more income would boost other companies - not just the one they work for.

"ACT’s lower company tax is an example of intelligent policy making that leads to a more productive, more prosperous country."

"Labour’s confusing collection of increased taxes lead in the opposite direction," says Dr Whyte.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



Relevant Consents Gained: Government Unveils RMA Reform Package

The government has formally hauled down the flag on its attempts to alter the balance of environmental and economic priorities in the Resource Management Act, unveiling a 180-page Resource Legislation Amendment Bill containing reforms that have been largely endorsed by most political parties. More>>


Closing Schools And Such: Interim Redcliffs Decision Announced

“While the school’s board has argued that circumstances that could give rise to potential disruption are extremely unlikely, advice from technical experts has shown these concerns cannot be ruled out." More>>


Jane Kelsey: High Court Can’t Make Groser Provide TPPA Information Faster

‘This week we went back to court to challenge Trade Minister Groser’s stalling tactics over the release of information on the Trans-Pacific Partnership Agreement negotiations, following a High Court order that he reconsider the Official Information Act request I made last January’, said University of Auckland law professor Jane Kelsey, first applicant in the case. More>>

Werewolf 58: No Climate For Change

The last time the global community tried to take collective action on climate change the world’s leaders finally came to agree that every not-too-onerous effort should be made to hold global warming to 2°C above the pre-industrial average. At Paris, all 150 participant countries nations will have put forward their pledges... On the information available, New Zealand's is the second weakest contribution of any nation in the developed world. More>>


Lambton Quay Shutdown: Object Was Made To Look Like Bomb

Police cordoned off part of Lambton Quay Wednesday afternoon, saying that a suspicious package had been found. Buildings were evacuated and buses were detoured. The army’s explosive ordnance disposal unit was brought to the Quay. More>>


Public Sector Still Shrinking: Record Low Number Of 'Backroom Bureaucrats'

Ongoing restraint in the public sector and a focus on better frontline services has seen a further reduction in the number of core Government employees, State Services Minister Paula Bennett says. More>>


Disobeying The Law: Police Censorship Of Crime Research “An Outrage”

The Green Party is calling on Police Minister Michael Woodhouse to ensure Police scrap controversial contracts that place onerous restrictions on academic researchers’ access to Police data, the Green Party says. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news