Parliament

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

 

$375 million subsidy for world’s richest man

“The Government has confirmed that its much-vaunted 'Wellbeing Budget' will improve the financial wellbeing of the world’s richest man”, ACT Leader David Seymour says.

Economic Development Minister Phil Twyford announced this morning that Amazon would produce the Lord of the Rings TV series in New Zealand. The Government has previously said that Amazon was offered a subsidy through the Screen Production Grant.

“The Screen Production Grant offers a 25 per cent subsidy, and the Lord of the Rings television series is worth $1.5 billion, meaning taxpayers could end up subsidising Amazon to the tune of $375 million.

“It defies belief that a left-wing government would line the pockets of Jeff Bezos at the expense of ordinary taxpayers.

“Even worse, the return to New Zealand on one dollar of spending through the Screen Production Grant could be as low as 70 cents. Far from improving our wellbeing, TV and movie subsidies are making us poorer.

“Labour and National have been locked in a costly race to the bottom to secure TV and movie productions and the photo opportunities that come with them.

“Every dollar spent on subsidies for television and movie productions is a dollar that can’t be spent elsewhere. We would be better off scrapping the Screen Production Grant, and other corporate welfare, and allowing taxpayers to keep the money.

“Rather than continue to spend billions on a failed TV and film subsidy scheme for Hollywood bigwigs, ACT would end this and other corporate welfare and implement a single, low tax rate.

“Our Freedom to Earn tax plan would implement a flat rate of income tax, and a company tax rate, of 17.5 per cent paid for by reducing low-value government spending.

“This would make New Zealand the most attractive place in the world to work and do business and would provide more opportunities for all New Zealanders.

“Moving away progressive taxation and political vote-buying through corporate welfare schemes would mean higher productivity, wages, job growth, and real wellbeing.”

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


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>>


Gordon Campbell: On The Rivals For The Covid Saliva Testing Dollar

If you want a good insight into what the limits of tiny, barely discernible steps to reduce poverty actually look like, delve into the latest Statistics Department figures on poverty in New Zealand Most of the nine measures utilised reveal little or no progress in combatting poverty over the 21 months to March 2020... More>>


 


Government: Main Benefits To Increase In Line With Wages

All measures of child poverty were trending downwards, prior to the COVID-19 lockdown, across the two years since year ended June 2018, Stats NZ said today. The COVID-19 lockdown in late March 2020 affected Stats NZ’s ability to collect data from households ... More>>

Government: Reserve Bank To Take Account Of Housing In Decision Making

The Reserve Bank is now required to consider the impact on housing when making monetary and financial policy decisions, Grant Robertson announced today. Changes have been made to the Bank’s Monetary Policy Committee’s remit requiring it to take into ... More>>

ALSO:


RNZ: Alert Levels Remain

There are no new community cases of Covid-19 today, the Ministry of Health has confirmed.
Covid-19 Response Minister Chris Hipkins says at least half of the Papatoetoe High School community have been tested and the results that have come through so far have all been negative... More>>

ALSO:


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>>

The Dig: An Illogical Ideological Struggle

Dig beneath all the trade wars and the arguments to the effect that the USA should not permit China to achieve economic and technological superiority, or even parity, and you find the real reason behind the conflict... More>>

Travel: Government Eases Visa Restrictions For Visitors In New Zealand

Visitor visa holders will be able to stay in New Zealand a little longer as the Government eases restrictions for those still here, the Minister of Immigration has announced. More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels