Clear Choice For Taxpayers

NZ vs Australia
The gap between New Zealand and Australia has just got wider. The Howard government has announced a dramatic new tax package for the next three years. Inevitably, the Australian Labor opposition will also have a major tax package for voters to consider. You can be sure no matter which party wins the election, Australian taxpayers will get a major reduction in their taxes.

Broken promise
What a difference to New Zealand! The government steadfastly refuses to give New Zealanders a tax cut. They broke their promise of the 2005 budget, to provide a tax cut in 2006. Even though it was only a small tax cut (the ‘chewing gum’ budget), Labour still managed to break its promise.

Gap gets larger
No wonder the gap between Australia and New Zealand’s after tax income has got much larger in the last eight years. David Farrar of Kiwiblog has shown that incomes from 1999 to 2007 rose no greater than during 1990 to 1999. And after taking inflation into account, real net average wages from 1999 to 2007 only went up by $33.70 from $633.21 to $665.33.

Unprecedented growth
Labour’s failure to adjust tax thresholds for nearly a decade has meant average real incomes are virtually no higher today than a decade ago. And this has been during a period of unprecedented growth in commodity prices, and tourist numbers.

Regular tax reductions
Contrast the situation to Australia. Their taxes have been reduced virtually every year over the last decade by the Howard government. In particular, tax thresholds have been increased to keep pace with inflation and economic growth. That means the gap in after tax incomes between the two countries has opened up. It was around 25% a decade ago, and now it is closer to 33%.

Loss of talented people
New Zealanders know this, and many are voting with their feet to cross the Tasman. New Zealand needs to keep more of its talented people. Reducing taxes is a crucial part of the mix.

Tax cuts for everyone
Under Labour, it is broken tax promises. Under National, it will be tax cuts for everyone.
19 OCTOBER 2007

Events

Public Meeting :

Law & Order

This meeting has been postponed – new date to be advised

Next Sunday
28 October at 5.45pm
Bridgeway Theatre
Northcote Point

North Shore Electorate

Movie Night -

"Elizabeth: The Golden Years"

A story about Elizabeth I

Tickets $20.00

Friday 2 November

6.30pm – 8.00pm

Cocktail Function

Invitation to refreshments and hors d’oeuvres with Hon Maurice Williamson and Dr Wayne Mapp

Boardroom, 4th Floor, Jonmer Building, 95 Hurstmere Road, Takapuna

Tickets - $30.00 each

ends

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