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

 

Government upholds status quo over Capital Gains Tax


The Government's rejection of a Capital Gains Tax upholds the status quo it promised to change in the lead up to the election and Government formation. Auckland Action Against Poverty condemns the Government's decision to not fix our tax system which benefits a wealthy few.

"The Government's refusal to implement bold tax reform to address the growing wealth gap is a disservice to our most vulnerable", says Ricardo Menendez March, Auckland Action Against Poverty Coordinator.

"The Capital Gains Tax needed to be part of wider tax reform that included a tax on wealth, speculative transactions and changes to the income tax brackets. After promising to be a Government of transformation, the Prime Minister's has shown that her Government's approach to tax policy is not that much different from the previous National-led administration.

"Those who are on low-income, homeless, or most impacted by out-of-control speculation were not listened to throughout the Capital Gains Tax debate leading up to this decision. In 2017 Auckland Action Against Poverty held conversations with people on the benefit about their aspirations which resulted in four demands which included wide ranging tax reform. Instead of listening to those voices, the Government allowed wealthy landowners to control the narrative over what sort of tax system New Zealand should have. Wealthy landlords held the debate hostage by threatening to increase rents if their obscene profit margins from speculative gains were threatened.

"The decision will leave New Zealand as the only OECD country with no Capital Gains Tax, and continue to see housing as an investment to make a profit out of instead of a fundamental human right.



© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Gordon Campbell: On Reforming Parliament’s Toxic Culture

It would be nice to think Parliament was a forum where rationality ruled – and where policies are raised and evaluated in terms of their contribution to the greater good. Obviously, it isn’t like that... More>>

Historic Assualt Allegation: Parliamentary Service Staff Member Stood Down
Rt Hon Trevor Mallard said today: “I do not want to cut across any employment or possible police investigations, but I am satisfied that the Parliamentary Service has removed a threat to the safety of women working in the Parliamentary complex." More>>


 

Fatal 2018 Crash: Police Officer Should Not Have Engaged In Pursuit

The Independent Police Conduct Authority has found that a Police officer should not have tried to stop or pursue a car thought to contain young people in Palmerston North on 28 May 2018. More>>

ALSO:

New Poverty Targets: Goals Overlook 174000 Children In Worst Poverty

Child Poverty Action Group is pleased to see the Government set ambitious 10-year targets for child poverty reduction, but we are disappointed not to see a target set for improving thousands of young lives where the worst of poverty is found. More>>

ALSO:

Study: Guidelines Needed To Avoid Risks In Government AI

New Zealand is a world leader in government algorithm use – but measures are needed to guard against their dangers. This is the conclusion of a New Zealand Law Foundation-funded report from the University of Otago’s Artificial Intelligence and Law in New Zealand Project. More>>

ALSO:

Pike River: Families Welcome Opening Of Drift

The group representing 29 of the Pike River Families - the Pike River Family Reference Group - has welcomed the unsealing of the mine at a private family event this morning... More>>

ALSO:

Auckland Harbour Bridge: New Design For Walking And Cycling Crossing

The NZ Transport Agency has released plans for its preferred option for a shared path over the Auckland Harbour Bridge which will transform walking and cycling not only across the harbour, but throughout the city. The Transport Agency says its preferred ... More>>

ALSO:

Wellington:

Shaw First Reading Speech: Climate Change Response Bill

Madam Speaker, today we begin the task of amending the Climate Change Response Act [2002], to fulfil the commitment that we have made, as a country, to limit global warming to no more than 1.5 degrees Celsius above pre-industrial levels. More>>

ALSO:

Housing: More Unsold Kiwibuild Houses Bought By Govt

The Crown underwrite for unsold Kiwibuild homes has been triggered for a second time. Now lack of sales in Mike Greer's development in Canterbury and Auckland means the government has had to buy back seven more homes. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels