Parliament

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

 

Winebox Decision Victory For New Zealand Taxpayers

The Winebox decision announced in the High Court in Auckland today represents a victory for all New Zealand taxpayers, said the New Zealand First Leader, Winston Peters.

Mr Peters challenged the findings of the Winebox Commissioner on the grounds that Sir Ronald Davison wrongly applied the law to a tax scheme known as the Magnum transaction.

In the Magnum transaction, the Cook Islands Government was paid to issue tax receipts which were later used to offset tax liabilities in New Zealand.

Mr Peters always maintained that such schemes, using the Cook Islands tax haven, were not legal and that they had not been fully investigated by the Inland Revenue Department and Serious Fraud Office.

“Using complex schemes, a group of New Zealand business people deprived the country of hundreds of millions of dollars in lost tax revenue.

“This tax money, which could have been spent on hospital operations and educating our young people, went into the pockets of people without any business or social ethics.”

Mr Peters said that he and his counsel, Brian Henry, would study the Judges’ ruling over the weekend and he would then decide what further action would be taken.

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Dubious Wisdom Of Raising Interest Rates


During the last half of the 1990s, the first flickering signs of economic growth would cause then-Reserve Bank governor Don Brash to hike up interest rates and stamp them out. The fear back then was that if left unchecked, the embers of economic activity might cause the same inflationary fires to come roaring back to life that the West had experienced in the late 1970s. At the time, Brash would justify raising interest rates on the grounds that as RB governor, he always needed to be looking 18 months ahead, and judging where things might go by then, if he didn’t act now... More>>




 
 



Government: Historic Step Towards Smokefree Future

Bold new measures will be implemented, including banning the sale of cigarettes to future generations, as part of the Government’s plan to make New Zealand smokefree. Associate Minister of Health Dr Ayesha Verrall launched Auahi Kore Aotearoa Mahere Rautaki 2025, the Smokefree 2025 Action Plan at an event in Parliament this morning... More>>

ALSO:


Public Service Association: Data Shows Worrying Disparities
Eighty four percent of public servants are strongly motivated to stay working in the Public Service because their work contributes positively to society - and yet only 69 percent are satisfied with their job... More>>


Luxon: A New National For New Zealand
National Party Leader Christopher Luxon has today announced a new National for New Zealand – a fresh, energised alternative government ready to deliver for Kiwis in 2023... More>>

CPAG: Govt Yet To Fully Implement A Single Key WEAG Recommendation Three Years On
None of the 42 key recommendations of the Welfare Expert Advisory Group (WEAG) have been fully implemented almost three years after the report release, with 22 minimally or partially implemented, new research by the Child Poverty Action Group (CPAG) has found... More>>

CPAG: Child Poverty Monitor 2021 Highlights Persistent Inequities In Rates Of Child Poverty
Child Poverty Action Group (CPAG) welcomes the release of the Child Poverty Monitor today, which shows that prior to the Covid-19 pandemic, poverty reduction targets were largely on track for Pākehā children, however significant inequities remained for tamariki Māori, Pacific and disabled children... More>>


National Party: Bridges Appointed Finance & Infrastructure Spokesperson

Hon Simon Bridges is the National Party’s new Finance and Infrastructure spokesperson, National Leader Christopher Luxon announced today. “Simon has prodigious skills, incredible talent and the intellectual heft needed to excel as National’s Finance spokesperson,” Mr Luxon says.... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels