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Taxpayers’ Union responds to economic growth slowdown

Responding to the reduced economic growth figures for the latest quarter, New Zealand Taxpayers’ Union spokesman Louis Houlbrooke says:

“New Zealand needs more resilience to global economic downturn. The last thing the Government should do is put a dampener on growth with new taxes.”

“In particular, taxes on investment such as the proposed capital gains tax would threaten the productivity of our economy and intensify any economic slowdown. With the world’s economic direction uncertain, we encourage all politicians over the summer months to think about how they can encourage growth and investment rather than stifle success and entrepreneurship in the new year.”

ENDS



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