INDEPENDENT NEWS

NZ at risk as Australia looks at cutting taxes

Published: Fri 4 Feb 2005 11:25 AM
John Key MP - National Party Finance Spokesman
04 February 2005
NZ at risk as Australia looks at cutting taxes
National Party Finance spokesman John Key says New Zealand risks losing more skilled labour and investment to Australia, given the news from across the Tasman that further tax breaks are planned for workers.
"If Helen Clark and Michael Cullen want to keep spending our taxes, they better start making sure those who are paying Labour's bills don't pack their bags and move to Australia."
Mr Key is referring to reports in Australia today of a significant tax reform programme before the next election, with 'across the board' cuts to income tax.
"Australia has a free trade deal with the US, the company tax rate is already below ours, and the standard of living is higher.
"The income gap has been growing, and reductions in Australia's personal tax rates will see the gap widen further.
"Here in New Zealand real wage growth has been stagnant, while the Labour Government collects $1 million a day more in taxes this year than it did last.
"Working New Zealanders deserve tax relief. The next National Government will provide it," says Mr Key.
ENDS

Next in New Zealand politics

Justice not served in Australia extradition cases muddle
By: RNZ
Syphilis deaths highlight need for proper resourcing
By: Association of Salaried Medical Specialists
Youth message on Zero Carbon Act: 'Don't mess this up'
By: RNZ
Govt axes highly anticipated mental health pilot
By: New Zealand National Party
Gordon Campbell on the nurses strike
By: Gordon Campbell
Health Minister at the crossroads
By: Association of Salaried Medical Specialists
ACC medical advisors on strike today
By: Association of Salaried Medical Specialists
More support needed for breastfeeding senior doctors
By: Association of Salaried Medical Specialists
PSA supports striking ASMS members at ACC
By: Public Service Association
NZNO & DHB Negotiations
By: District Health Boards
Carbon neutral goal reliant on electric cars - Govt
By: RNZ
Net zero emission targets should be legislated now
By: Ora Taiao
Walking the same path on climate change adaptation strategy
By: LGNZ
Ministers & National put their cases: EDS 2018 Conference
By: Environmental Defence Society
Study has implications for biodiversity/climate change polic
By: NZ Energy and Environment Business Week
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media