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


Another Broken Government Promise On Tax

The Labour Government’s interest deductibility change is another broken tax promise that will cost mum and dad property investors $800 million, says National’s Shadow Treasurer Andrew Bayly.

Budget documents released today show that Treasury estimates the revenue gain would be $800 million.

“The Government claimed that removing the ability for landlords to deduct mortgage interest from their income taxes was closing a loophole. It is not, and New Zealand’s tax professionals agree.

“They claimed this was not an increase in taxes, as they promised at the election, because they were simply removing the ability to reduce income tax.

“In reality, this is yet another new tax – and a blatant tax grab – that’ll sting mum and dad landlords by almost $1 billion.

“When we are the Government, we will reverse any changes made to interest deductibility because it’s yet another blunder by a Government that has no idea how to fix the housing crisis, and which will only drive rents even higher.

“The Government is desperate for ways to fund their wasteful spending, and they’re making mum and dad landlords foot a big part of the bill.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Canada’s Election, And The AUKUS Defence Pact

Yesterday, Canada held an election in which everyone lost, including the voters. After holding its most expensive ( $C600 million) election campaign ever, the result was Groundhog Day, with the five main parties getting almost exactly the same number of seats as they did last time around, in 2019. Same overall result too: Liberals leader and PM Justin Trudeau will once again be leading a minority government... More>>

Covid-19, 24/9: 1,131 Overall Cases, 4,900,000+ Vaccine Doses

9 new cases have been discovered in Auckland, currently at Level 3. 886 of the Auckland cases have recovered alongside all of the Wellington cases... More>>



Government: Next Steps To Improve Safety In Wake Of Whakaari White Island Tragedy
The Government is moving to improve safety in light of the Whakaari White Island tragedy and has released proposals to reinforce safety standards in registered adventure activities... More>>

Government: Expert Group Appointed To Lead New Zealand’s Future Health System
An outstanding group of people with extensive and wide-ranging governance and health experience have been appointed to lead the Māori Health Authority and Health New Zealand, Health Minister Andrew Little says... More>>


Green Party: Kiwis Overseas Must Be Allowed To Vote Next Year
New Zealanders stranded overseas should be allowed to vote in next year’s local government elections and the 2023 general election, the Green Party said today. “The reality of this pandemic is lots of people cannot renew their voting rights when they are home as they normally would... More>>

Power: Bill Changes Bring Fairness To Charges

A key recommendation of an independent panel to make electricity charges fairer across all households will be put in place, the Energy and Resources Minister Megan Woods has announced... More>>

Government: Parks expiry of licenses, WoFs and regos
As a result of the Delta outbreak, driver licences, Warrants of Fitness (WoFs), Certificates of Fitness (CoFs), vehicle licences (‘regos’) and licence endorsements that expired on or after 21 July 2021 will be valid until 30 November 2021, Transport Minister Michael Wood has announced today... More>>

Child Poverty Action Group: Highest jump in weekly benefit numbers since first lockdown

The current lockdown has triggered the largest weekly increase in benefit recipient numbers since the first lockdown last year, and Child Poverty Action Group is concerned the Government isn't doing enough to assist affected families... More>>




InfoPages News Channels