INDEPENDENT NEWS

Ignore the OECD – New Zealanders are overtaxed

Published: Tue 18 Apr 2017 02:04 PM
Ignore the OECD – New Zealanders are overtaxed
New Zealand needs to do better than compete with OECD countries on tax rates, says ACT Leader David Seymour.
“The OECD’s recent report actually shows the average New Zealand worker’s tax rate has gone from 15.9% to 17.9% since 2011. ACT says we should be taxing people less, not more.
“We need to do better than beat the likes of France, Belgium, and Greece. These economies are stagnant at best, economic basket-cases at worst.
“We have to start competing with high-growth economies like Singapore, Hong Kong, and Panama. These countries offer productive workers low income tax rates of 25% or less.
“Meanwhile in New Zealand, we slap a 30% tax rate on anyone earning over $48,000, and a 33% rate on anyone over $70,000.
“Lower taxes will unleash higher growth and productivity. This will be key to addressing our growing challenges of infrastructure and superannuation costs.
“A stronger ACT will secure tax relief for New Zealand workers after this election, not as a bribe, but because it’s the right thing to do. ACT’s tax policy will be unveiled as we approach Budget 2017.”
ENDS

Next in New Zealand politics

Changes to temporary work visas confirmed
By: New Zealand Government
Public Support Keeps Healthy Homes Bill on Track
By: New Zealand Labour Party
No signs of real improvement for poorest families, says CPAG
By: Child Poverty Action Group
National signals election intentions
By: New Zealand National Party
ACT set to play key role in election result
By: ACT New Zealand
UnitedFuture welcomes immigration changes – Dunne
By: United Future
Immigration Policy Adjustments Helpful for Manufacturers
By: NZMEA
Temporary visa changes more workable
By: BusinessNZ
Pragmatic response to employers call for temporary work visa
By: EMA Central
Work Visa Record an Attack on Young New Zealanders
By: New Zealand First Party
Immigration Needs Long Term Strategy, Not Knee Jerk Reaction
By: Conservative Party
Migration, diversity and the changing face of New Zealand
By: University of Auckland
Little Bill will do little for healthier homes
By: New Zealand Government
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media