Parliament

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

 

English doesn't understand tax

Jim Anderton MP Mon Aug 30 1999

Jim Anderton
MP The claim that 50,000 low income families will pay no tax next year shows that the Treasurer doesn't really understand the tax system, Alliance leader Jim Anderton said today.

'They all pay GST, which is a 12.5% tax on everything they buy.

'Mr English gives the example of a single-income family with four children under thirteen, which he says receives $55 more in family assistance than it pays in tax.

'He is wrong. Assuming the family spends a third of its income on rent, it pays $2752.13 in GST, or about fifty-three dollars a week.

'Mr English should explain why he thinks a family of four, trying to get by on a single income of $30,000, should pay an extra $53 a week in tax for their food, clothes and bus fares.

'However, if the family spent their meagre income on shares, financial securities and international trips, as Mr English's National Party cronies do, they wouldn't have to pay GST at all.

'The Treasurer says, 'It's hard to see how people can argue that tax cuts are bad for these families. Yet only last Friday he described a proposal to reduce their tax burden by replacing GST with FTT as 'loopy.'

'At best, Mr English doesn't understand the tax system he has recklessly been put in charge of. He seems to think that personal income tax is the only type of tax. It isn't. In looking at the tax system, it is important to look at the full range of taxes,' Jim Anderton said.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Supermarket Scam, And On Tunisia’s Scrapping Of Democracy

Are we paying too much for our groceries? Hmm. Is the Pope a Catholic? Given that the two Australian supermarket chains that dominate our grocery industry routinely rack up profits in the order of $22 billion annually, that’s a no-brainer. Yet as with New Zealand’s other socio-economic problems created by our 1980s reforms, the practical solutions seem pretty thin on the ground... More>>

 


Government: Welcomes Draft Report On The Retail Grocery Sector

The Commerce Commission’s draft report into the retail grocery sector is being welcomed by Government as a major milestone. “I asked the Commerce Commission to look at whether this sector is as competitive as it could be and today it has released its draft report for consultation,” Commerce and Consumer Affairs Minister, David Clark said... More>>

ALSO:

Child Poverty Action Group: Poverty Burden For Children Increased Due To Government Neglect - New Report

Poverty, inequity, homelessness and food insecurity are among the burdens which increased for tamariki Māori and other children in the first year of Covid-19 - partially due to Government neglect... More>>

Government: Cabinet Accepts Turkish Authorities’ Request For The Managed Return Of Three NZ Citizens

Cabinet has agreed to the managed return of a New Zealand citizen and her two young children from Turkey, Prime Minister Jacinda Ardern announced today. The three have been in immigration detention in Turkey since crossing the border from Syria earlier this year... More>>

ALSO:


NZUS Council: Welcomes Nomination Of Senator Tom Udall As US Ambassador To NZ

The NZUS Council welcomes the nomination of Senator Tom Udall to the role of US Ambassador to New Zealand and Samoa, NZUS Council executive director Jordan Small said... More>>

BusinessNZ: Visa Extensions Welcomed
BusinessNZ has welcomed the extension of some critical skill visa durations and changes to immigration systems to speed processing. Chief Executive Kirk Hope says move acknowledges advocacy by the hospitality sector, the BusinessNZ Network and others, and comes not a moment too soon.... More>>



Social Development: Government Initiatives Contribute To Fall In Benefit Numbers

Minister for Social Development Carmel Sepuloni has welcomed the release of the June quarter Benefit Statistics which show a continuing fall in the number of people receiving a Main Benefit... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels