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


Labour Won't Rule Out Land Tax - Prebble

Extract from speech to Financial Services Federation AGM, Wellington Club 88
The Terrace 2 pm Wednesday 22nd September 1999
Hon Richard Prebble CBE, Leader ACT New Zealand

The statement by Michael Cullen this week that the Alliance's proposed land tax
is, quote, "a matter for coalition discussion" has sent a ripple of fear
through the country.

If land tax is a matter for coalition talks, it follows that a Labour/Alliance
government may introduce the tax.

I wrote to Helen Clark seeking Labour's stance and expecting that Labour would
give a concrete guarantee that land tax would not be introduced. Instead, from
Michael Cullen's statement it's now clear that land tax is on the
Labour/Alliance agenda.

Labour's promises amount to $3 billion. Labour's income tax increase will
raise just $300 million. I am told Labour's strategy is to let the Alliance
promise the $2.5 billion tax increases.

Why is land tax unfair? Land tax is paid for by small business, most of whom
lease their commercial premises.

In the standard real estate lease form there is a clause saying that the tenant
shall pay any land tax.

Some modern agreements have no such clause. So some land owners will have to
meet the land tax without being able to pass it on. That is unjust. For those
commercial property owners, this proposed land tax would simply be

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

PM's Speech: NZ Moves To Red

Nine COVID-19 cases reported yesterday in the Nelson/Marlborough region have now been confirmed as the Omicron variant, and a further case from the same household was confirmed late yesterday....


Gordon Campbell: On Responding To The Need In Tonga

The power of the Tonga eruption (and the size of the aid response being mounted) have been sobering indications of the scale of this disaster. The financial impact is certain to exceed the damage done by Cyclone Harold two years ago, which was estimated at the time to cost $US111 million via its effects on crops, housing and tourism facilities. This time, the tsunami damage, volcanic ash, sulphur dioxide contamination and villager relocation expenses are likely to cost considerably more to meet...


Science Media Centre: Omicron Outbreak Would Move The Country To Red - Expert Reaction

The Prime Minister has announced if Omicron cases spread into the community, the country will move to the traffic light system's Red setting within 48 hours. Jacinda Ardern also mentioned there will be changes to the country's testing regime, with more use of Rapid Antigen Tests... More>>

Government: New Zealand Prepared To Send Support To Tonga

New Zealand is ready to assist Tonga in its recovery from Saturday night’s undersea eruption and tsunami, Foreign Affairs Minister Nanaia Mahuta and Defence Minister Peeni Henare said today... More>>

Ministry of Health: COVID-19 Immunisation Starts For 5 To 11-year-old Tāmariki

More than 120,000 doses of the child (paediatric) Pfizer vaccine have been delivered to over 500 vaccination sites around New Zealand as health providers prepare to start immunising 5 to 11-year-olds tamariki from today, 17 January... More>>

Statistics: Departures Lift Border Crossing Numbers

The number of people crossing New Zealand’s border went up in November 2021, mostly due to an increase in departures, Stats NZ said today. There were 28,700 border crossings in November 2021, made up of 12,300 arrivals and 16,400 departures... More>>

Financial Services Federation: Open Letter To Government From Non-bank Lenders: The Path Forward On CCCFA Changes
Responsible lenders are not interested in telling the Government “I told you so” when it comes to unintended consequences of changes to lending laws that are now causing grief for everyday Kiwis seeking finance... More>>

CTU: Too Many Kiwi Workers Financially Vulnerable As Omicron Looms
With New Zealand on the precipice of an Omicron outbreak and the economic upheaval that comes with it, the CTU’s annual Mood of the Workforce Survey shows the vast majority of kiwi workers do not have the financial resources to survive a period of unemployment... More>>




InfoPages News Channels