INDEPENDENT NEWS

Yet more taxes on the way

Published: Tue 30 Oct 2018 03:22 PM
Paul Goldsmith - Economic and Regional Development
30 October 2018
The Government is refusing to rule out more taxes, despite forecasts that its revenue grab will rise almost twice as fast as wages in the next two years, National’s Economic and Regional Development spokesperson Paul Goldsmith says.
“Not only has this Government refused to ease the tax burden on record-high fuel prices but it has left New Zealanders in a state of uncertainty over its tax ambitions, including a Capital Gains Tax.
“It isn’t even prepared to commit to a revenue neutral tax package when it gets the final report of the Tax Working Group. That’s a worry from a Government with a track record of wasteful spending and which has played a role in driving up living costs for ordinary Kiwis.
“The Government reaped $80 billion in taxes in the 2018 year and Treasury forecasts that to rise to $89 billion in 2020, an increase of 11 per cent. In that same period, wages are forecast to rise 6 per cent.
“New Zealanders are rightfully angry at being whacked in the wallet when they fill up their vehicle, especially since more than half the price is taxes.
“They would’ve been better off under the last National Government’s tax cuts, which added up to $1,060 for the average worker. But this Government held on to the money for wasteful schemes like fees-free tertiary education.
“National believes New Zealanders should be able to keep more of what they earn and Government spending should be subject to rigorous scrutiny. National supports policies that drive economic growth and benefit all our communities.
ends

Next in New Zealand politics

No politicians at Rātana in 2021 as celebrations made exclusive for church adherents
By: RNZ
Ongoing Worker Dissatisfaction Shows Need For Fundamental Change
By: New Zealand Council of Trade Unions
The 16 Of Waikeria Have Surrendered
By: The Maori Party
Border Exception For Some Returning International Tertiary Students
By: New Zealand Government
Additional Actions To Keep COVID-19 Out Of NZ
By: New Zealand Government
Vaccine Only Part Of The Cure For Resumption Of Pacific Travel: World Bank Report
By: World Bank Group
Waikeria Prison Riot Must Be Investigated
By: New Zealand National Party
Prisoner Disorder Event At Waikeria Prison Over
By: New Zealand Government
Kelvin Davis Has Plenty Of Questions To Answer
By: New Zealand National Party
Māori Party Calls For Minister Of Corrections To Step In To Resolve Waikeria Situation Immediately
By: The Maori Party
ExportNZ Welcomes Back International Students
By: Export NZ
Pre-departure Covid-19 Tests Should Be Extended
By: New Zealand National Party
Government Must Act To Avoid Another Lockdown
By: ACT New Zealand
National Calls For Vaccine Rollout To Be Fast-tracked
By: New Zealand National Party
View as: DESKTOP | MOBILE © Scoop Media