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


Tax cuts sweep through UK, US and Oz – what about NZ?

Taxes are being slashed by New Zealand’s competitors, while Kiwis are set to be burdened by $860 million more in taxes in 2022, says ACT Leader David Seymour.

Overnight in the UK, the Conservatives gave 32 million people a tax cut. In June, Malcolm Turnbull’s Liberals delivered a budget that will see Australia’s 37 per cent top tax rate eliminated completely. US Republicans last year cut income taxes and slashed the corporate tax rate to from 35 to 21 per cent.

“With tax cuts sweeping through the UK, US and Australia, New Zealand is looking less and less attractive as a destination to invest and do business.

“Far from reducing the burden on hardworking taxpayers, we are heading in the opposite direction. The Tax Working Group has said ‘the tax system relies on a relatively narrow range of taxes and is not particularly progressive’. Michael Cullen has floated eight new taxes or types of tax.

“Even without the inevitable new taxes to be introduced after 2020, Kiwis will pay $860 million more in taxes in 2022.

“Talent and capital will inevitably dry up and New Zealand will be left behind.

“ACT’s plan is to introduce a top personal and company tax rate of 25 per cent within the current surplus.

“Without a strong ACT Party, National will leave Labour’s massive middle-class and corporate welfare programmes in place and raise taxes to cover the bill.

“Delivering more jobs and higher wages relies on New Zealand remaining open for business and investment. Tax relief must be part of that plan.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On How America’s Middle East Allies Are Poisoning The Ground Joe Biden Will Inherit

As even the US mainstream media has been reporting, the prime motive for the murder of Iran’s top nuclear scientist Dr. Mohsen Fakhrizadeh (by Israeli or Saudi operatives, or both) has been to poison the situation that the next US president will inherit. At best, there was only an outside chance that the incoming Biden administration and the outgoing liberal regime of Iranian PM Hassan Rouhani could have revived the Iran anti-nuclear deal that Rouhani had negotiated in 2015 with Barack Obama. Deliberately though, America’s allies have now made it impossible for Biden to pursue that option... More>>


Pill Testing: Govt Moves On Drug Checking To Keep Young New Zealanders Safer This Summer

The Government will pass time limited legislation to give legal certainty to drug checking services, so they can carry out their work to keep New Zealanders safer this summer at festivals without fear of prosecution, Health Minister Andrew Little ... More>>


WorkSafe: 13 Parties Charged Over Whakaari/White Island Tragedy

WorkSafe New Zealand today filed charges against 13 parties in relation to the Whakaari/White Island eruption in December last year. “22 people have lost their lives in this tragic event. WorkSafe is tasked with investigating workplace incidents to determine ... More>>


Pay Gap: Progress On Pay Equity For DHB Staff

Today’s initial agreement between DHBs and the PSA on pay equity for clerical and administration staff is an important step toward better, fairer pay for this crucial and largely female workforce, Health Minister Andrew Little says. More>>


Media: Stuff Holds Itself Accountable For Wrongs To Māori

Stuff has today published the results of an investigation into itself, and issued a public apology, for the way the media organisation has portrayed Māori, the indigenous people of Aotearoa New Zealand, from its first editions to now. Tā Mātou Pono | More>>


New Zealand Government: To Declare A Climate Emergency

The Government will declare a climate emergency next week, Climate Change Minister James Shaw said today. “We are in the midst of a climate crisis that will impact on nearly every aspect of our lives and the type of planet our children will inherit ... More>>


Economy: Crown Accounts Reflect Govt’s Careful Economic Management

The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance ... More>>





InfoPages News Channels