Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Threat of 17.5% GST sickening

Tax Justice media release
1 February 2011

Threat of 17.5% GST sickening

“Increasing GST to 17.5% would make it even harder for ordinary Kiwis to make ends meet,” says Vaughan Gunson, Tax Justice campaign coordinator. “It will be sickening thought to most people”

“The recommendation of the Savings Working Group to hike GST up again shows there’s an agenda within government to pile more of the tax burden onto grassroots New Zealanders,” says Gunson.

GST is a horrible regressive tax. Low and middle income earners spend all their money each week, while the rich can save their money, invest it, or go on overseas holidays The wealthy pay less GST as a percentage of their income.

“Increasing GST while lowering the tax paid by the rich and big corporates will increase income inequalities in New Zealand still further.”

“The tax changes of the last 25 years have been all about allowing the rich to grow their wealth, while the rest of us get taxed every which way,” says Gunson. “GST, rates, user charges, petrol taxes, student loans – all these things impact on grassroots people disproportionately.”

Tax Justice was set up to promote solutions that will shift the tax burden off ordinary Kiwis and onto the super-rich.

A petition calling for GST to be removed from food and a tax placed on financial speculation instead has received 25,000 signatures.

“Even by the Savings Working Group’s own terms of reference their recommendations are wrong,” says Gunson. “New Zealanders are suffering from high debt levels because wages are low and many people are struggling with massive mortgage debt, thanks to the housing bubble encouraged by greedy banks.”

Tax Justice is calling for a Financial Transaction Tax that targets the money flows of financial speculators and banks. This would discourage a damaging economic activity and generate government income which could be used to create jobs for New Zealanders.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Populism’s Changing Of The Guard, Plus A Soul Music Playlist

The weekend’s Newshub/Reid Research poll results - Act up to 11.1%, National up 1% but still sitting at only 28.7%, Labour down to 43%, the Greens up to 8.5% - shows that the combined centre right vote is still languishing nearly 12 points behind the combined centre-left vote, 45 months after the last centre-right government was voted out... More>>



 
 


Finance: Finance Minister And RBNZ Governor Agree To Update MOU On Macro-prudential Policy

Finance Minister Grant Robertson and Reserve Bank Governor Adrian Orr have updated the Memorandum of Understanding (MoU) on macro-prudential policy to further protect the financial system and support the Government’s housing objectives... More>>

Government: Offers Formal Apology For Dawn Raids
Prime Minister Jacinda Ardern has today formally apologised to Pacific communities impacted by the Dawn Raids in the 1970s.

Between 1974 and 1976, a series of rigorous immigration policies were carried out that resulted in targeted raids on the homes of Pacific families... More>>


Government: Bill Introduced To Protect Against Conversion Practices

Legislation has been introduced to Parliament to protect against practices intended to change or suppress someone’s sexual orientation, gender identity, or gender expression... More>>

ALSO:




Human Rights Commission: Successive Governments Responsible For Massive Breaches Of The Right To A Decent Home

Te Kahu Tika Tangata / Human Rights Commission has today launched Framework Guidelines on the Right to a Decent Home in Aotearoa and announced that it will hold a national inquiry into housing... More>>



NZUS Council: Welcomes Nomination Of Senator Tom Udall As US Ambassador To NZ

The NZUS Council welcomes the nomination of Senator Tom Udall to the role of US Ambassador to New Zealand and Samoa, NZUS Council executive director Jordan Small said... More>>

BusinessNZ: Visa Extensions Welcomed
BusinessNZ has welcomed the extension of some critical skill visa durations and changes to immigration systems to speed processing. Chief Executive Kirk Hope says move acknowledges advocacy by the hospitality sector, the BusinessNZ Network and others, and comes not a moment too soon.... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels