Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

EMA wants petrol tax increase deferred


EMA wants petrol tax increase deferred

EMA Central welcomes the Government's commitment to increase expenditure on New Zealand roads, announced in a new Government package today.

"We regret however, the Government's decision to again tax motorists at the petrol pump to increase its roading budget, when only 25% of the current petrol tax-take is currently spent on roads", said Paul Winter, CEO of the Employers and Manufacturers Association (Central).

"Today's 5 cents per litre petrol tax increase comes on top of a 4.6 cents per litre increase levied earlier this year. Government and its agency Transfund have clearly been collecting a lot more funds from this revenue source."

"We think most New Zealanders will be surprised to learn that Transfund, who manage the funding of roads in New Zealand, have been unable to allocate $226 million of the money they have already been given."

"One reason why Transfund is sitting on a big pot of unallocated money is the huge delay with roading projects because they can't gain resource consent fast enough. The frustration from the delays caused by the current Resource Management Act has still not been addressed."

"We suggest the implementation date for this latest petrol tax increase should be deferred, at least until Transfund can confirm that funding from existing taxes will be inadequate to meet roading demands."

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on seek.co.nz. Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>