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


National Party’s Business Package, More Targeted, Fairer For Taxpayers

Responding to the release of the National Party’s alternative business support package, the Taxpayers’ Union Executive Director Jordan Williams said:

“We weren’t given a heads up on the contents of the package, but at first glance, it appears more generous and more targeted than the rough and ready loan scheme the Government has announced.”

“It’s more targeted because it requires a business to be down by 50% over two months, rather than 30% over one. That makes it harder to game or shift invoice timing to qualify.”

“It’s fairer to taxpayers as support is better proportioned to the size of a business’ revenue rather than just dependent on the number of staff. By using GST return data, which IRD already has, to asses the size of a business, the support is likely to better reflect the cost structure of recipients.”

“The package is generous but not over the top. If a business is down by 50% over two months, they effectively get back 7.5% of last year’s revenue. If a business requires more, they have access to a loan."

On moving capital expensing cap from $5,000 up to $150,000, Mr Williams said:

“This is something the Taxpayers’ Union has been calling for years. It’s what Donald Trump did in the US and lead to a surge in capital investment.”

“Capital expensing the best way to shift the economy from relying on cheap labour and increase productivity. But why lift to $150,000? They should have scrapped it entirely.”

An explainer on full capital expensing, Policy in 60 seconds - the best tax idea you’ve never heard of, is available at: https://www.facebook.com/nztaxpayers/videos/1556890201113980/

The Taxpayers’ Union corona-response paper published in mid-March recommended giving lump-sum payments to taxpayers by retrospectively cutting the bottom tax rate for the 2019/2020 tax year. “Using the tax system - and existing data held by IRD - offers significant advantages over ‘high trust and audit’ models,” concludes Mr Williams.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Clark Exit, Convention Centres, And The Killing Of Hachalu Hundessa

Goodbye, David Clark. In the end, the outgoing Health Minister decided that in the midst of a pandemic the best thing he could do for New Zealand would be to no longer be there – given that being there had involved hiving off on his mountain bike during a lockdown, and throwing the country’s most beloved Health bureaucrat under a bus. As Clark indicated so memorably at last week’s press conference, when it comes to managing public health risks at the border the buck stops with…that guy over there! In the aftermath of that debacle, Clark reached the same conclusion the nation had reached some time ago, that leadership just wasn’t his thing. Once again, he got on his bike.... More>>

Government: David Clark Resigns As Health Minister

The Prime Minister Jacinda Ardern has accepted David Clark’s resignation as Health Minister. More>>


Election 2020: Green Party Unveils Income Policy

The Green Party is today unveiling its Poverty Action Plan, which includes a Guaranteed Minimum Income to ensure people have enough to live with dignity. The scheme resets income support payments to ensure everyone not in full-time paid work gets at least ... More>>


Conservation: New Protection For Dolphins

Extensive new protections are being put in place as part of an updated plan to look after New Zealand’s native Hector’s and Māui dolphins, announced Minister of Fisheries Stuart Nash and Minister of Conservation Eugenie Sage today. More>>


Auckland: Water Consent Referred To Board Of Inquiry

Environment Minister David Parker has today “called in” Auckland’s application to the Waikato Regional Council to take an extra 200 million litres of water a day from the lower reaches of the Waikato River for Auckland drinking water and other municipal uses... More>>


Gun Law: A New Firearms System Focused On Safety

Tougher gun laws will begin to take effect from next week following the passage of new firearms legislation through Parliament today. The Minister of Police says the Third Reading of the Arms Legislation Bill is an historic milestone for community ... More>>


Government: Building A Stronger Health And Disability System

The Government is committing to a long-term programme of reform to build a stronger New Zealand Health and Disability System that delivers for all. More>>


National: Todd Muller Announces Caucus Reshuffle

Today I am confirming a minor shadow cabinet reshuffle due to the retirement of Paula Bennett. Dr Shane Reti will be ranked number 13 and will take on Associate Drug Reform. Shane has demonstrated a huge intellect and capacity for work, supporting ... More>>

Biosecurity: Winston Peters On EU Travel: 'We're Not Going To Compromise Our Country's Health'

Foreign Minister Winston Peters says New Zealanders who head to Europe on holiday should pay for their two weeks' hotel quarantine when they return. More>>

Economy: Infrastructure Investment To Create Jobs, Kick-Start COVID Rebuild

A new package of infrastructure investments will help kick-start the post-COVID rebuild by creating more than 20,000 jobs and unlocking more than $5 billion of projects up and down New Zealand. Finance Minister Grant Robertson and Infrastructure Minister ... More>>


Covid-19: Isolation System To Be Beefed Up After Stress

A range of improvements are already underway to address issues identified in the rapid review of the Managed Isolation and Quarantine system released today, Housing Minister Megan Woods said. The review was commissioned just over a week ago to identify ... More>>


Election 2020: Parties Get Into Gear

ACT has today announced its list for the 2020 General Election. “The calibre and experience of our candidates will impress voters of every persuasion. We have candidates from all walks of life. People who have built their homes, families and businesses ... More>>


Int'l Trade: New Zealand To Host Virtual APEC In 2021

Foreign Affairs Minister Winston Peters and Trade and Export Growth Minister David Parker announced today that New Zealand’s hosting of APEC in 2021 will go ahead using virtual digital platforms. Mr Peters said the global disruption caused by COVID-19, ... More>>






InfoPages News Channels