Rt Hon Sir William Birch Minister of Finance and Minister
of Revenue
13 October 1999 For Immediate
Release
"Almost every day there is a new revelation of
what a Labour Government would do to increase taxes,"
Finance Minister Sir William Birch said. "Today's is to tax
people receiving pensions from superannuation schemes." Sir
William was commenting on the item in The Independent
reporting Michael Cullen as proposing a new super scheme, to
run in parallel with the old, which would tax the pensioner
when the benefit is paid.
"This proposal to have several
hundred thousand pensioners pay tax on their pensions makes
a mockery of Labour's claim that the only tax increase a
Labour-led Government would impose would be to increase the
rate of personal income tax on incomes over $60,000 a year,"
said Sir
William.
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