Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Tax cuts even more affordable – and vital

Tax cuts even more affordable – and vital

National’s Finance spokesman, John Key, says the latest Crown financial statements prove that tax cuts are affordable by whichever party becomes the Government.

The accounts show that the Government’s operating surplus, at $6.2 billion, is $471 million more than that forecast before the election.

"With the tax take rising almost 10% over the past year, and the Government’s net worth rising by $14.5 billion to $50 billion, this proves what I have been saying all along – that there is clearly room for tax cuts.

“Whichever Government is in power can afford tax cuts and it should move in that direction as soon as possible.

“We need to do this if we are to move forward.

“Our economic growth rate is slowing and is forecast to be 2-2.5% next year.

“If we are to remain competitive and retain skilled and motivated workers, and secure more business investment, then we need a tax structure that encourages and rewards.

“It’s not about hogging the revenue, it’s actually about building a firm foundation from which New Zealand can go forward.

“We need skilled people and companies to be in an environment where they believe they are going to be rewarded for what they are doing,” Mr Key says.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Mayor of Auckland: Alert Level Change Welcome News

Mayor Phil Goff says the government’s decision to move Auckland to Level 2 from 6am on Sunday will be welcome news for all Aucklanders.
“Moving strongly and quickly to contain this outbreak has once again proved effective in stopping the spread of community transmission and I thank all the Aucklanders who have followed the rules of Level 3 over the past week,” he says... More>>


Earthquakes: Tsunami Activity – Cancelled

The National Advisory issued at 2:48pm following this morning's earthquakes near the KERMADEC ISLANDS REGION is cancelled.
The advice from GNS Science, based on ocean observations, is that the Beach and Marine threat has now passed for all areas... More>>

Joint Press Release: Dirty PR Exposed In Whale Oil Defamation Trial

Three public health advocates are relieved that their long-standing Whale Oil defamation trial against Cameron Slater, Carrick Graham, Katherine Rich and the Food and Grocery Council has finally concluded and they are pleased that the truth has come out... More>>


Government: Next Stage Of COVID-19 Support For Business And Workers

The Government has confirmed details of COVID-19 support for business and workers following the increased alert levels due to a resurgence of the virus over the weekend... More>>


Government: Balanced Economic Approach Reflected In Crown Accounts

New Zealand’s economic recovery has again been reflected in the Government’s books, which are in better shape than expected.
The Crown accounts for the seven months to the end of January 2021 were better than forecast in the Half Year Economic and Fiscal Update (HYEFU)... More>>

Covid-19: Auckland Back To Alert Level Three After One New Community Case Revealed

Auckland will move to alert level three for a week at 6am tomorrow morning after two new Covid-19 community cases announced this evening could not be directly linked to earlier cases, the Prime Minister has confirmed.
The rest of the country will move to level two.... More>>

NZ Initiative: New Report Highlights How Our Housing Crisis Could Worsen If We Don’t Act Now

If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand , Research Assistant Leonard Hong ... More>>

Parliament: Kiwi MPs Among The “Most Educated In The World”

New analysis of MP qualifications reveals New Zealand’s Parliament is one of the most educated and highest qualified in the world, and significantly more educated than Australia’s. The research, by Mark Blackham of BlacklandPR and Geoffrey Miller ... More>>




InfoPages News Channels