Government-Picked Winner Loses Taxpayers' Money

The Taxpayers' Union can reveal that taxpayers forked out $287,500 in corporate welfare to the failed eHome business that is currently in receivership owing $17.5 million to creditors.

Jordan Williams, Executive Director of the Taxpayers' Union, says:

"It's not good enough that the Ministry of Business, Innovation and Employment are ducking for cover on this. This is taxpayer money used to 'pick a winner' that subsequently flopped."

"The key question is why taxpayers are subsidising a private building company in the first place. Other than a nice photo op for politicians it's not clear how anyone wins from these arrangements."

"Trying to pick winners with taxpayers' money is a poor way to try and bring about more affordable housing. Politicians should be looking at the root cause of the problem, not throwing about money and hoping for the best."

ENDS

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