Scoop has an Ethical Paywall
Merit In Discussion on KiwiSaver Tax Deductions
CTU MEDIA RELEASE
28 November 2006
Merit In
Discussion on Tax Deductibility of KiwiSaver Contributions
says CTU
CTU Economist Peter Conway today said that
there is merit in discussing tax deductibility of compulsory
employer contributions to KiwiSaver.
Revenue Minister Peter Dunne is today reported as saying that any future tax cuts could be used to offset compulsory contributions to KiwiSaver.
"Both the CTU and the New Zealand Institute have supported tax deductibility for (compulsory) employer contributions of up to 4% of gross wages to workplace savings," Peter Conway said.
"We proposed this in our submission to the Business Tax Review as an alternative to tax credits. It would ensure that any cuts in company tax were added to savings, not consumption. It would boost the availability of funds for investment, and would reduce inflationary pressures."
"We think there is merit in discussing and costing this policy option, and we would be interested in finding out more about this from the Minister," Peter Conway said.
ENDS
Gordon Campbell: On Children’s Book Classics - The Moomins
Johnnie Freeland: Ko Tātou Tātou - Climate Action In Aotearoa Begins With Relationship
Zero Waste Network Aotearoa: Container Return Scheme Bill Would Double Recycling Rates And Put Money Back In Households
Wellington City Council: Statement From The Wellington Mayoral Forum On Options For Regional Governance Reform
MUNZ: TAIC Report On Kaitaki Incident Gives Shocking Picture Of Decline Of NZ Maritime Infrastructure
Greenpeace: New Climate Report Yet More Reason To Reduce Dairy Herd
Better Public Media: Opposing Plans To Scrap The BSA
