Parliament

Contact

Scoop

Network

Scoop Parliament

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 the Scoop Citizen Community

20 years of independent publishing is a milestone, but your support is essential to keep Scoop thriving. We are building on our offering with thedig.nz our new In-depth Engaged Journalism platform. Now, more than ever sustainable financial support of the Scoop Foundation for Public Interest Journalism will help to keep these vital and participatory media services running.
Find out more and join us:

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 That $4 Billion Hit To National’s Economic Cred

National released its economic and tax policy last Friday. Weirdly, the plan was announced right at the end of the news week, when whatever impact it managed to generate would be likely to dissipate over the weekend. Well…. that now seems all for the best. The plan is now known to have a $4 billion hole in it. Apparently, National used outdated figures for the amount it stood to save from NOT paying into the Super Fund. Amusingly, the $4 billion mistake was almost exactly the same size as the $4.7 billion that National still promises to give away in tax cuts... More>>

ALSO:

National - Judith Collins - National Leader’s Campaign Launch Speech - National Releases Its Plan To Restore NZ’s Prosperity
Labour - National Has $4 Billion Mistake In Its Economic Plan
NZ Taxpayers' Union - Brouhaha Over Nat’s Numbers Highlights Lack Of Delivery Of Independent Policy Costing Office
Greens - No Surprise In National’s Latest Attempt To Slash Public Services
Public Service Association - PSA Welcomes Labour Party Commitment To Workers' Rights And Wellbeing

PM: Auckland At Bolstered Level 2, Rest Of Country Provisionally At Level 1

Pandemic alert levels for the whole country have been reviewed by Cabinet and Prime Minister Jacinda Ardern is announcing whether restrictions will be eased. More>>

ALSO:

ACT - Covid Restrictions A Relief – But We Never Should Have Been Here
Michael Barnett - Two Weeks Too Long In Level Two
Office of the Mayor of Auckland - Mayor Phil Goff Welcomes Auckland’s Move To Level 2

Labour: Supporting Workers And Valuing Their Contribution

Making sure working New Zealanders are safe, healthy and that their contribution to the economy is valued is at the heart of Labour’s Workplace Relations Policy.
“This is Labour demonstrating its commitment to helping working New Zealanders by increasing sick leave, raising wages, protecting them while they are at work, growing jobs and investing in the economy,”... More>>

ALSO:

Greens - Green Party Will Work Next Term With Labour To Implement Fair Pay Agreements And Extended Sick Leave
E Tu - Kiwi Workers Celebrate Labour’s New Workplace Policies
Joint Press Release - Labour’s Workplace Relations And Safety Policy Shows Strength Of NZ Unions
Randstad - Randstad Says Employers Need To Continue Prioritising Employees Wellbeing To Support Mental Health
NZ Council of Trade Unions - Unions Welcome Release Of Labour’s Industrial Relations Policy

PREFU: Economy Doing Better Than Forecast

The Pre-election Economic and Fiscal Update released today shows that the near-term economic recovery has been stronger than the Treasury and many economists predicted at the May Budget, as the economy bounced back strongly out of lockdown... More>>

ALSO:

PM Statement: Cabinet COVID-19 Alert Level Review

Takiri mai te ata, ka ao, ka ao, ka awatea, tihei mauriora! Tātou katoa ngā iwi o Aotearoa, tēnā koutou! Tēnā tātou e whakanuia ana i te wiki nei, te wiki o te reo Māori Greeting to you all from Otepoti, Dunedin. This week is the Māori ... More>>

ALSO:

Electoral Commission: Candidate And Party Lists Released

17 registered political parties and 677 candidates will be contesting the 2020 General Election Nominations have now closed and the Electoral Commission has released the electorate and party list candidates for 2020 online at vote.nz . Advance voting ... More>>

National: Plan To Restore NZ’s Prosperity

National’s Economic and Fiscal Plan carefully balances the need to invest in infrastructure and core public services while also reducing tax pressure on Kiwi families and businesses. National Leader Judith Collins and Finance spokesperson Paul Goldsmith unveiled National’s ... More>>

ALSO:

National - National Will Cut Taxes For Hard-working Kiwis

NZ First: Party List

New Zealand First has a proven twenty-seven-year history of bringing balance and common sense to our government. Amid the continued setbacks of COVID-19 restrictions, New Zealand First has once again sustained its profile by selecting a strong team ... More>>

Election: Arriving Travellers In Isolation To Be Able To Vote By Telephone

Up to 5,000 people in managed isolation or quarantine will be able to vote by telephone in the general election and referendums after an amendment to electoral regulations last week. Chief Electoral Officer Alicia Wright says the Electoral Commission sought ... More>>

National: Investing In Our Children’s Future

A National Government will prioritise lifting achievement for all New Zealand children, no matter their background or ability, National Party Leader Judith Collins and National’s Education spokesperson Nicola Willis say. “Parents just want what’s best for ... More>>

Join ScoopPro

Submit News / Press Releases

Join ScoopCitizen