Thursday, 24 June 2021, 3:04 pm Press Release: ACT New Zealand
"Under questioning in Parliament today, Michael Wood made
a huge confession about his Feebate scheme, it’s really a
tax," says ACT Leader David Seymour.
"The
policy is promoted as taking money from those who buy higher
emission vehicles, and giving it to those who buy EVs. But,
asked what would happen if not enough people bought EVs, the
Minister said the Government would keep the money and
continue collecting the tax.
"Michael Wood agreed
that the policy would stop paying out if the original $300
million float ran out because too many people had taken the
EV subsidy. When asked if the opposite was true, would the
Government stop collecting the taxes on targeted vehicles in
the event that there was more money coming in than going
out, the Minister said that wouldn’t happen.
"This
came after repeatedly trying to duck the question and being
pinned down by points of order and the assistance of the
Speaker to get an answer.
"The so-called feebate
scheme is, at the end of the day, a tax, and there’s every
chance it’s net effect will be a tax
grab."
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