INDEPENDENT NEWS

Alliance Proposes New Wealth Tax

Published: Fri 30 Jul 1999 11:29 AM
Alliance leader Jim Anderton confirmed yesterday that the Alliance Party intended significant changes in the New Zealand tax regime. Alliance wants more revenue from tax and is proposing a mixed tax system, which would include wealth taxes.
Mr Anderton has not released a detailed tax policy, but has confirmed a shift towards wealth taxes and tariffs, including such things as a capital gains tax, stamp duty and estate duty.
Brian Neeson, MP for Waipareira said: "Alliance polled badly in the last elections due to its progressive tax system and is apparently trying a different tactic this time around".
Mr Neeson went on to say: "Jim Anderton's economic polices are loony tunes - they will drive New Zealand backwards as a civilized forward thinking country.
ENDS

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