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

 

Farmers give thumbs down to new taxes


Any move to introduce a capital gains, land or environment tax will meet stiff opposition from farmers, a Federated Farmers survey shows.

The Federation asked its members for their views last month, to help inform the farmer group’s submission to the Tax Working Group. The nearly 1,400 responses indicated strong opposition to some of the new taxes that have been suggested.

Just on 81 percent opposed a capital gains tax excluding the family home, with 11 percent in support. However, 47 percent would support a CGT on property sold within a five year ‘bright line’ test. There is currently a two-year threshold, and the measure is seen by some as a way of discouraging speculators.

"Farmer opposition is even more entrenched on the idea of a land tax, excluding under the family home, with 91 percent against and only 2 percent in favour," Federated Farmers Economics and Commerce spokesperson Andrew Hoggard said.

"A land tax would be punitive and inequitable on farming. The strong opposition to it in last month’s survey mirrors its utter rejection by rural New Zealand the last time our tax system was reviewed, in 2010," Andrew said.

Some 82 percent of respondents opposed environmental taxation but there was minority support if such taxes were used to fund on-farm environmental initiatives.

Tax incentives for those who invested in environment -related on-farm investments drew 84 percent support.

"Just on12% supported a ‘progressive company tax’ (i.e., a lower rate for small companies), with 26% opposed and 55% thinking ‘maybe’ depending on what is considered ‘small’. There was a lot of concern about compliance implications," Andrew said.

Meanwhile, 66% opposed exempting basic items, such as food, from GST, with 29% supporting.

"Federated Farmers will be sending in a comprehensive submission to the Tax Working Group, which will pick up on the concerns and comments raised in our member survey.

"But we also encourage individual farmers to have their say direct to the TWG by April 30. This is an issue vital to all New Zealanders," Andrew said.
ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Whakaari/White Island: A Minute’s Silence For Victims

A minute’s silence will be observed at 2.11pm on Monday 16 December in honour of the victims of the Whakaari White Island eruption, Prime Minister Jacinda Ardern has confirmed...

The minute’s silence will be exactly one week after the eruption started on Monday 9 December. More>>

Gordon Campbell: On What An Inquiry Might Look Like
Presumably, if there is to be a ministerial inquiry (at the very least) into the Whakaari/White Island disaster, it will need to be a joint ministerial inquiry. That’s because the relevant areas of responsibility seem to be so deeply interwoven... More>>

 

More Discussions: National On Housing, Transport And Infrastructure

National has today released the ninth and tenth in our series of discussion documents, which contain a range of proposals to ensure New Zealand has the high-quality housing and infrastructure it needs to prosper, Leader of the Opposition Simon Bridges says. More>>

ALSO:

Trains: Govt's Plans For Rail

The Government has released its long term vision for a sustainable 21st Century rail network that gets our cities moving, connects our regions and gets more freight off the roads. More>>

ALSO:

Gordon Campbell: On Welfare Vs Infrastructure Spending

If New Zealand has a pressing need to stimulate its flagging economy, it seems very weird that the government is choosing a $12 billion package of infrastructure spending – mainly on road and rail – that by definition, will take a very long time to deliver their stimulatory benefits ... More>>

New Reports: "Immediate Commitment To Doing Justice Differently"

Justice Minister Andrew Little released two reports today, Turuki! Turuki! from Te Uepū Hāpai I te Ora, and Te Tangi o te Manawanui: Recommendations for Reform from the Chief Victims Advisor. Both recommend a fresh approach to the way criminal justice has been approached... More>>

ALSO:

"Heart-Breaking And Confronting": Surgical Mesh Restorative Justice Report

Minister Genter: “People have talked about losing the life they had enjoyed before surgical mesh harmed them – the loss of a steady job, the ability to exercise, a loving relationship in some cases. Others described the chronic pain they experienced..." More>>

ALSO:

Law Foundation: Government Decryption Powers Must Respect Privacy

The power of government to order users and companies to decrypt encrypted data and devices needs stronger privacy protections and additional safeguards, according to a study published by researchers at the University of Waikato. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels