INDEPENDENT NEWS

IRD correct - Hide

Published: Wed 22 Dec 1999 05:03 PM
IRD correct - Hide
Wednesday 22nd Dec 1999
Rodney Hide
Media Release -- Economy
ACT Finance spokesman Rodney Hide said today that the Inland Revenue Department was correct in warning the new Government of the dangers of hiking the top rate of income tax.
"The IRD are right in their briefing papers. Hiking the top rate of tax will increase disincentives to save and invest, distort investment and increase compliance and administration costs.
"I just hope Dr Cullen listens to sound advice and cans his dopey policy of soaking the rich," Mr Hide said.
ENDS
For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

Next in New Zealand politics

Tahr control needed to protect alpine habitats
By: New Zealand Government
Judge discharges Greenpeace activists
By: BusinessDesk
Housing NZ to right meth testing wrong
By: New Zealand Government
Meka Whaitiri removed as a Minister
By: New Zealand Government
Making history for women’s pay in New Zealand
By: New Zealand Government
Refugee quota increases to 1500 in 2020
By: New Zealand Government
Future of hunting statutory body under review
By: RNZ
Game Animal Council not under review
By: New Zealand Government
Cut the cull Minister Sage
By: New Zealand National Party
Skyrocketing tahr numbers destroying rare alpine plants
By: Forest And Bird
Tahrmageddon condemned
By: Tahr Foundation
Himalayan tahr culls an overreaction
By: NZ Deer Stalkers Association
Hunters under Attack Again
By: Outdoors Party
Historic discharge without conviction for Greenpeace head
By: Greenpeace
Greenpeace should not be above the law
By: PEPANZ
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media