Wellbeing Budget delivers for world’s richest man

Published: Tue 2 Jul 2019 12:54 PM
Wellbeing Budget delivers for world’s richest man, but taxpayers lose
“Jacinda Ardern’s vaunted Wellbeing Budget will improve the fortunes of the world’s richest man Jeff Bezos, but taxpayers will lose out”, ACT Leader David Seymour says.
“New Zealanders could end up subsidising Amazon by around $375 million through the Screen Production Grant for its Lord of the Rings television show.
“Labour and National governments have been locked into a costly race to the bottom to secure television and movie productions and the photo opportunities that come with them.
“But the return to the country from one dollar of government spending could be as low as 70 cents. Far from improving our wellbeing, the subsidy scheme could be making New Zealanders poorer.
“Every dollar spent on subsidies for television and movie productions is a dollar the government can’t put elsewhere. The evidence shows that we would be better off scrapping the Screen Production Grant and allowing taxpayers to keep the money.
“Rather than continue to spend hundreds of millions on a failed television and film subsidy scheme for Hollywood, ACT would end corporate welfare so that every New Zealander can pay low, flat taxes.
“ACT’s Freedom to Earn tax plan would implement a flat rate of income tax, and a company tax rate, of 17.5 per cent paid for by reducing low-value government spending. This would make New Zealand the most attractive place in the world to work and do business and provide opportunities for all New Zealanders.
“Moving away progressive taxation and political vote-buying through corporate welfare schemes would mean higher productivity, wages, job growth, and real wellbeing.”

Next in New Zealand politics

Gordon Campbell on the farming sector’s persecution complex
By: Gordon Campbell
Independent review of prisoner mail management released
By: Department Of Corrections
IPCA releases reports on the unlawful detention of teenager
By: Independent Police Conduct Authority
New safety measures for modified pistols
By: New Zealand Government
Government fixes culturally arranged marriage visa issue
By: New Zealand Government
Budget investigation shut down and new inquirer appointed
By: State Services Commission
Mysterious foundation loaning New Zealand First money
Criminal Cases Review Commission established
By: New Zealand Government
National backs farmers marching against Govt policies
By: New Zealand National Party
Ag Proud NZ encourage positive not provocative actions
By: Ag Proud
March on Parliament deliberately created confusion
By: NZ Forest Owners' Association
Who will pick up Essential Freshwater’s $80b price tag?
By: DairyNZ
DairyNZ claim of economic ruin "misleading"
By: Fish and Game New Zealand
New Zealand Roundtable for Sustainable Beef launched
By: Beef And Lamb NZ
Personality important in farmer anxiety
By: Lincoln University
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media