IRD correct - Hide

Wednesday, 22 December 1999, 5:03 pm
Press Release: ACT New Zealand

IRD correct - Hide

Wednesday 22nd Dec 1999
Rodney Hide
Media Release -- Economy

ACT Finance spokesman Rodney Hide said today that the Inland Revenue Department was correct in warning the new Government of the dangers of hiking the top rate of income tax.

"The IRD are right in their briefing papers. Hiking the top rate of tax will increase disincentives to save and invest, distort investment and increase compliance and administration costs.

"I just hope Dr Cullen listens to sound advice and cans his dopey policy of soaking the rich," Mr Hide said.

ENDS

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

Join Scoop Citizen

Scoop is a champion of independent journalism and open publishing - informing New Zealanders through straight-talking independent journalism, and publishing news from a wide range of sectors. Join us and support the publication of trustworthy, relevant, public interest news, freely accessible to all New Zealanders:

Become a member Find out more

Find more from ACT New Zealand on InfoPages.

Parliament Headlines | Politics Headlines | Regional Headlines

NEW ZEALAND POLITICS

Gordon Campbell: On The Roe v Wade Aftermath

Now that the right of US women to abortion (formerly protected by Roe v Wade) has been abolished, the important role of medication-induced abortion will come even more to the fore. Already, research by the Guttmacher Institute reproductive rights centre shows that over half of US abortions are obtained by medication. According to the US Food and Drug Administration and the World Health Organisation, the abortion pills can be safely self-administered at home within the first ten weeks of pregnancy, rather than via a surgical procedure carried out in a bricks-and-mortar abortion clinic...
More>>

Winston Peters: Issues Judicial Review Proceedings
Winston Peters has issued judicial review proceedings against Speaker of the House the Rt Honourable Trevor Mallard, challenging Mr Mallard’s issue of a trespass warning against Mr Peters on 28 April 2022, which the Speaker then withdrew on 4 May 2022... More>>

Government: Electoral Changes Will Bring Greater Transparency For Voters
Changes to electoral law announced by Justice Minister Kiri Allan today aim to support participation in parliamentary elections, and improve public trust and confidence in New Zealand’s electoral system... More>>

Parliament: Grounds Fully Reopened
Parliament’s grounds have been fully reopened today at a ceremony and community event with mana whenua, members of the public, and representatives of Parliament... More>>

NZ Republic: Charles CHOGM Speech Green Light For Change
“Prince Charles had made it clear in his speech to the Commonwealth Heads of Government Meeting (CHOGM) in Rwanda today that even the Royal family think it’s time for change” said Lewis Holden, campaign chair of New Zealand Republic... More>>

National: Goodfellow To Retire As Party President
Peter Goodfellow today announced he will not seek re-election as President of the National Party at its Annual Conference. Mr Goodfellow will remain as a director on the board for one final term to assist in the transition... More>>

Police: Parliament Occupation Investigators Seek Public Assistance
Police investigating criminal activity on the final day of the occupation at Parliament grounds earlier this year are appealing for the public’s help to identify 15 people... More>>