INDEPENDENT NEWS

Greedy tax grab set to stay

Published: Wed 20 Oct 2004 01:58 PM
John Key MP National Party Finance Spokesman
11 June 2004
Greedy tax grab set to stay
"Michael Cullen has made it clear that taxpayers will have more chance of sighting Elvis than they have of seeing a tax cut under this Labour Government," says National Party Finance spokesman John Key.
"Dr Cullen has signalled that decisions which should be made in the boardroom are going to be made in the Beehive. It's a classic case of command and control, more evidence of Labour's nanny state model for our business community.
"Tired of telling everyday New Zealanders what to do, the Government is again training its sights onto business - trying to convince them that Labour knows best."
Mr Key is referring to statements made by Dr Cullen at today's finance and expenditure select committee, where he said there would be no tax relief for Kiwi companies paying 33%.
National's policy is to reduce the corporate tax rate to match Australia's 30% rate.
"True to socialistic form, Dr Cullen is saying that rather than returning money to business by way of a more competitive tax rate, the Government plans to champion its own pet projects.
"There was bad news, too, for hard working individual taxpayers, who won't be offered any relief from so-called fiscal creep.
"Labour originally said only 5% of taxpayers would be caught paying the new top personal tax rate, today that figure has increased to 10% due to inflation and it will continue to rise.
"This is a greedy Government banking the benefits of inflation," says Mr Key.
ENDS

Next in New Zealand politics

Speech From The Throne
By: New Zealand Government
Law Commission Recommends New DNA Laws For Criminal Investigations
By: Law Commission
New Zealand Government To Declare A Climate Emergency
By: New Zealand Government
Crown Accounts Reflect Govt’s Careful Economic Management
By: New Zealand Government
Green Party Announce Portfolio Reshuffle With Talented And Energised Caucus Team
By: Green Party
NZ Govt Considers Making House Prices Part Of RBNZ Mandate
By: XE Money Transfer
Green Party Respond To Government Review Of Housing Settings
By: Green Party
Rewriting The Rulebook On DNA In Criminal Investigations – Expert Reaction
By: Science Media Centre
Government To Consider Recommendations On DNA Use In Criminal Investigations
By: New Zealand Government
Climate Change An Economic Issue; Critical For The Planet’s Future
By: Make Lemonade
Climate Emergency Declaration A Win But Needs Action
By: Greenpeace New Zealand
Declaration Of ‘Symbolic’ Climate Emergency
By: Extinction Rebellion
Minimum Wage Hike Isn’t What The Economy Needs
By: New Zealand National Party
Why Not $50 An Hour?
By: ACT New Zealand
Greens Commit To Ensuring Strong Oceans Protection This Term
By: Green Party
View as: DESKTOP | MOBILE © Scoop Media