Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Taxpayers’ Union Slams Extension Of Corporate Welfare For Gaming Industry Fat Cats

The Taxpayers’ Union is slamming the National-led government for giving in to well-connected gaming lobbyists and continuing to subsidise the gaming sector to the tune of tens of millions of taxpayer dollars each year.

Taxpayers’ Union Campaigns Manager, Connor Molloy, said:

“Subsidising an infant industry doesn’t help it to grow up. Instead, you end up with a lazy adult still living in mum’s basement and doing nothing productive. Giving an industry money when it can’t stand on its own two feet may prop it up, but it also swells the size of the subsidy required to keep it afloat. This vicious cycle forces taxpayers to fork out more and more each year.

“Investment should be occurring where it makes the most sense, which is best determined by markets not Ministers. The only way to ensure money is being allocated efficiently is by letting people decide for themselves what they value.

“Subsidising one sector simply forces the allocation of resources away from industries that are more productive or where New Zealand has a greater comparative advantage. Politicians are falling into the same trap as they did with the film sector by growing an industry dependant on subsidies that then become near impossible to remove.

“We call on ACT to stick to their principles and push back against the Government’s approach of subsidising the wealthy elite and instead cut all corporate welfare to fund an across the board reduction in the company tax rate for all businesses.”

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The Perils Of Joining AUKUS Pillar Two


The lure for New Zealand to join the AUKUS military alliance is that membership of only its “second pillar” will still (supposedly) give us access to state of the art military technologies. As top US official Kurt Campbell said during his visit to Wellington a year ago:
...We've been gratified by how many countries want to join with us to work with cutting-edge technologies like in the cyber arena, hypersonics, you can go down a long list and it's great to hear that New Zealand is interested...
More


 
 

Government: Backs Police To Crackdown On Gangs
The coalition Government is restoring law and order by providing police new tools to crack down on criminal gangs, says Justice Minister Paul Goldsmith and Police Minister Mark Mitchell. “Over the last five years gangs have recruited more than 3000 members, a 51 per cent increase... More


Government: Retiring Chief Of Navy Thanked For His Service

Defence Minister Judith Collins has thanked the Chief of Navy, Rear Admiral David Proctor, for his service as he retires from the Royal New Zealand Navy after 37 years. Rear Admiral Proctor will retire on 16 May to take up an employment opportunity in Australia... More

Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.