Labour Already Breaking Its Election Promise On Tax

Published: Fri 27 Nov 2020 02:47 PM
Revenue Minister David Parker has confirmed Labour is already wobbling on its election promise not to alter income taxes this term, National’s Shadow Treasurer Andrew Bayly says.
Finance Minister Grant Robertson has asked Treasury for advice on extending the bright-line test on property, which Mr Parker described this morning as an ‘income tax’.
“If the Government does end up extending the bright-line test this would be at odds with its election commitment to ‘no further income tax changes for at least the next three years’.
“National said during the election campaign that Labour could not be trusted on tax, and it only took a few weeks for them to prove us right.
“Extending the bright-line test won’t make any material difference to New Zealand’s housing issues because it doesn’t address the problem of supply. Taxes don’t build houses.
“We must remove the barriers that are preventing new houses being from built, which means freeing up land, fast-tracking projects caught in the consenting go-slow and building the infrastructure needed for new subdivisions.
“The Government must urgently address the supply constraints by replacing the Resource Management Act.”

Next in New Zealand politics

Reserve Bank To Take Account Of Housing In Decision Making
By: New Zealand Government
No new community cases of Covid-19 today - Chris Hipkins
Latest Release Of Child Poverty Statistics
By: Statistics New Zealand
New Report Highlights How Our Housing Crisis Could Worsen If We Don’t Act Now
By: The New Zealand Initiative
Kiwi MPs Among The “Most Educated In The World”
By: BlacklandPR
Government Eases Visa Restrictions For Visitors In New Zealand
By: New Zealand Government
RBNZ Supports Focus On Housing
By: The Reserve Bank of New Zealand
Reserve Bank Housing Direction Too Slow In Coming
By: New Zealand National Party
Robertson Adopts ACT Policy
By: ACT New Zealand
Government Action To Cool House Prices Still Needed Despite Reserve Bank Change
By: Green Party
No indication to change alert levels at this stage - Bloomfield
Second Batch Of Pfizer/BioNTech Doses Arrives Safely – As The First Vaccinations Take Place In The South Island
By: New Zealand Government
Two New Positive Community Cases –household Members Of Today’s Case
By: Ministry of Health
Corona Vaccine: Why Pharma Companies Should Not Make Billions Out Of Tax-funded Government Research
By: Creative Commons
Government Action Reduces Child Poverty
By: New Zealand Government
View as: DESKTOP | MOBILE © Scoop Media