Scoop  Parliament

John Key MP
National Party Finance Spokesman

19 September 2005

Axe the capital gains tax

National Party Finance spokesman John Key says Revenue Minister Peter Dunne should, as a matter of urgency, target Labour’s “crazy plans” for a capital gains tax.

“This is a blatant $150 million Labour tax grab. It sends entirely confused messages about sensible saving.

“Kiwis don’t save anywhere near enough, yet this is a tax which threatens to penalise those who are trying to do the right thing.

“Peter Dunne will know this new tax is unnecessary and unfair.

“The new Revenue Minister should order a review of the capital gains tax as his top priority,” says Mr Key.

Ends

© Scoop Media

 

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On How National’s ”New” Welfare Plan Resurrects A Past Failure

Sam Uffindell’s defenders keep reminding us that he was only 16 at the time of the King’s College incident, and haven’t we all done things in our teens that, as adults, we look back on with shame and embarrassment? True. Let's be honest. Haven’t we all at one time or another, joined a gang and beaten a smaller, younger kid black and blue with wooden clubs? In that respect, Uffindell’s defenders on the streets of Tauranga risk sounding a bit like the psychiatrist Kargol played by Graham Chapman on Monty Python. Some of the media commentary has also noted how the Uffindell saga has taken the shine off National’s good poll results and distracted us all from the unveiling of an important welfare policy at the recent National Patty conference. OK… So let's put the spotlight back on that welfare policy...
More>>