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


Dunne: Labour's desperate, ignorant attack on achievement

Dunne: Labour's desperate, ignorant attack on achievement

Labour's new tax package is little more than a massive attack on personal achievement and success, UnitedFuture leader Peter Dunne said today.

"The 'better off should pay their fair share' argument that Labour is pitching is just a dog whistle call to Labour's traditional constituency to come home.

"This has nothing to do with good policy or sound economics, but everything to do with satisfying entrenched envy within the Labour left, and seeking to stop Labour haemorrhaging its core voters to the Greens," he said.

Mr Dunne said the policy represents the end of the broad economic consensus since 1984, and means New Zealand faces a period of more disruptive policy shifts every time there is a change of government.

"That uncertainty will not be good for the New Zealand economy, or jobs or future prosperity," he said.

As Revenue Minister, Mr Dunne says Labour's capital gains tax would be a "bureaucratic nightmare".

"I doubt it could be implemented easily or quickly; the revenue it could raise is likely to be low for at least the first decade, but compliance costs will be immediate and significant. Certainly it would not raise anywhere near the revenues needed to pay for only one of Labour's spending promises, exempting from tax the first $5000 of earnings, until at least 2025.

"Gift duty would have to be reintroduced, and more than likely death duties and other wealth taxes as well to prevent avoidance opportunities - these are all inefficient taxes with high compliance costs.

"Our existing regimes for the tax treatment of shares and other financial arrangements would also have to be revisited to avoid over-taxation, or double taxation occurring," he said.

Labour's proposed GST exemptions on fruit and vegetable are nonsense, he said.

"For example, why should apples from California be exempt from GST, while Wattie's canned peaches from Hawke's Bay remain taxable? Where is the benefit to New Zealand-produced food in that distortion?" he asked.

Mr Dunne said Labour's tax policies are "desperate, erratic and plain ignorant".

"The fact they want to put up taxes for higher income earners shows they have learnt nothing from the last decade.

"Their 1999 top tax rate increase - which led to the explosion in trusts as tax avoidance vehicles - was the biggest single tax blunder of recent times.

"The remarkable sadness of today's announcements is the Labour is now promoting policies to top even that blunder. On 26 November they will learn how costly that blunder will be," he said.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Twitter Wars, And The Muller Muddles

Whatever the failings of our own politicians, spare a kind thought for the majority of Americans who did not vote for Donald Trump. Sure, it was depressing this week to watch Todd Muller clinging for dear life to his talking points on Q&A, lest he be carried away in the slavering jaws of Jack Tame…. but this was mere incompetence, not malice. At the same time the President of the United States was (a) falsely accusing one of his media critics of murder, and (b) threatening to shut down Twitter for attaching a warning label to Trump’s attempt at poisoning the electoral process by falsely claiming that postal voting has led to extensive voter fraud... More>>


National: "Todd Muller Announces Shape Of Next Government"

National Party Leader Todd Muller has announced the line-up of the next Government. “New Zealand is facing perhaps the toughest time that almost anyone alive can remember. “We are borrowing tens of billions of dollars to get us through this crisis. There ... More>>


Lockdown Rules: Timeline For Moving To Level 1 Needed

The BusinessNZ Network is calling for more clarity about the conditions under which businesses can move to Covid level 1. The network is concerned about large numbers of businesses that are at risk of closure if restrictions continue at the current ... More>>

Gordon Campbell: On National’s Day Of Reckoning

Congratulations. You are one of the 55 members of the National caucus being called together tomorrow to choose who will lead you to either (a) catastrophic or (b) honourable defeat on September 19, thereby saving some (but not all) of the jobs currently on the line. Good luck. Your decision process starts NOW... More>>


Budget 2020: Jobs Budget To Get Economy Moving Again

Investments to both save and create jobs in Budget 2020 mean unemployment can be back to pre COVID-19 levels within two years and could see the economy growing again as early as next year. More>>


Covid-19 Response: Law Setting Up Legal Framework For Covid-19 Alert Level 2 Passes

The law establishing a legal framework for the response to Covid-19 has passed its final reading and will become law in time for the move to Alert Level 2 tonight.
This is a bespoke Act designed specifically to stop the spread of COVID-19... More>>


ACT: Parliament Quits MP Cut Pay Debate To Go Home Early

“In an outrageous move, Parliament has today passed voluntary MP pay cuts and avoided any debate over whether to make them compulsory and transparent”, says ACT Leader David Seymour.... More>>


Trans-Tasman Bubble: PMs Jacinda And Morrison Announce Plans

Australia and New Zealand are committed to introducing a trans-Tasman COVID-safe travel zone as soon as it is safe to do so, Prime Minister Rt Hon Jacinda Ardern and Prime Minister the Hon Scott Morrison MP have announced... More>>


Government: New Zealand Joins Global Search For COVID-19 Vaccine

Foreign Affairs Minister Winston Peters, Research, Science and Innovation Minister Megan Woods, and Health Minister David Clark today announced a COVID-19 vaccine strategy, which will enable New Zealand scientists to contribute to global research efforts ... More>>


The Dig: Steady State Economics: We’ve Got Some (systems) Thinking To Do

In this time of impending economic and ecological crises, we urgently need to aim for a sustainable or ‘steady state’ economy. In order to get there, we will need to adopt a ‘systems-thinking’ outlook taking into account the interconnections of our complex world.

In short, we’ve got some systems thinking to do... More>>


Election 2020: Parties Get Into gear

The Green Party is pleased to reveal its candidate list for the upcoming election. With a mix of familiar faces and fresh new talent, this exceptional group of candidates are ready to lead the Greens back into Government. Using the most democratic list ... More>>


Insight Into Regenerative Agriculture In New Zealand

There is a fast growing movement in New Zealand that has been happening out in paddocks, fields, gardens and hill country across the nation. It is a movement that holds the promise to reshape our productive land use industries towards systems that work with the natural environment to regenerate the land. The movement is that of regenerative agriculture. More>>


Covid-19: Tracer App Released To Support Contact Tracing

The Ministry of Health has today formally released the NZ COVID Tracer app to support contact tracing in New Zealand. Kiwis who download the app will create a digital diary of the places they visit by scanning QR codes displayed at the entrances to ... More>>


Government: Freshwater Package Backed By Comprehensive Economic Analysis

Decisions on the Action for Healthy Waterways package are supported by comprehensive environmental and economic impact analysis by leading New Zealand research institutes, universities, and private sector firms. More>>


Govt: Concern At Introduction Of National Security Legislation For Hong Kong
Foreign Affairs Minister Winston Peters says the New Zealand Government has reacted with concern at the introduction of legislation in China’s National People’s Congress relating to national security in Hong Kong... More>>






InfoPages News Channels