Parliament

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

 

Govt hoovers up more taxes – still not satisfied

Paul Goldsmith - Economic and Regional Development

31 October 2018


The Government took in $1 billion more in taxes than in the same quarter last year but is intent on taking even more from New Zealanders’ back pockets over the next two years, National’s Economic and Regional Development spokesperson Paul Goldsmith says.

“The Crown accounts for the first three months of the fiscal year show tax revenue was $19 billion up from $18 billion the same time last year. The Crown accounts are still relatively strong as the Government benefits from National’s prudent fiscal management.

“But the amount of taxes pouring into the Government’s coffers suggest it is making too big a raid on the wallets of ordinary New Zealanders while driving up the cost of living. It should be considering tax relief rather than additional taxes and levies.

“Grant Robertson confirmed yesterday the Government expected to take an extra $9.3 billion in taxes over the next two years. That’s an 11 per cent increase in a period when wages are forecast to rise 6 percent.

“Given its tax take will be swelled by billions of dollars it is extraordinary that the Government can’t commit to a revenue neutral tax package once the Tax Working Group has reported back.

“New Zealanders trying to manage their household budget as costs rise would have been better off under the last National Government, whose tax cuts amounted to $1,060 for the average worker.

“This Government thinks it knows better how to spend that money although its track record includes wasteful spending policies like fees-free tertiary education.

“National believes New Zealanders should be able to keep more of what they earn and Government spending should be subject to rigorous scrutiny. National supports policies that drive economic growth and benefit all our communities.


ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On What We Could Do For Hong Kong, If Only We Dared

There has been something repulsive about PM Jacinda Ardern’s assurances that our joint 5 Eyes criticism of China’s actions over Hong Kong – and China’s harsh reaction – are all well understood on both sides. According to Ardern, it has been a case of us saying the sort of things we’ve said before, them acknowledging our need to do so, and then them responding much as we would expect them to do. All neat and tidy. Frankly, if all of this is merely virtue signalling on our part, and huffy declarations of independence on their part, then what’s the point of this diplomatic dance..? More>>

 

New Zealand Government: Speech From The Throne

It is my privilege to exercise the prerogative of Her Majesty the Queen and open the 53rd Parliament.
In the October election, New Zealanders elected a majority Government for the first time under our Mixed Member Proportional electoral system... More>>

Grant Robertson: Government To Review Housing Settings

New Zealand’s stronger-than-expected economic performance has flowed through to housing demand, so the Government will review housing settings to improve access to the market, the Finance Minister Grant Robertson announced today. “Our focus More>>

ALSO:

Law Commission: Recommends New DNA Laws For Criminal Investigations

Te Aka Matua o te Ture | Law Commission today released a report that recommends a new, comprehensive regime to control how DNA is obtained, used and retained for criminal investigations. The report has revealed significant gaps in the operation ... More>>

ALSO:


Economy: Crown Accounts Reflect Govt’s Careful Economic Management

The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance ... More>>

ALSO:

Green Party: Announce Portfolio Reshuffle With Talented And Energised Caucus Team

“The Green Party caucus offers a breadth of talent and energy to the Parliament this term. In ten MPs you have a small business owner, a human rights lawyer, an academic, a climate negotiator, a transport planner, and so much more”, Green Party ... More>>

ALSO:

APEC: New Zealand Ready To Host Virtually

Prime Minister Jacinda Ardern took over the leadership of APEC earlier today, when she joined leaders from the 21 APEC economies virtually for the forum’s final 2020 meeting. “We look forward to hosting a fully virtual APEC 2021 next year. While ... More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels