INDEPENDENT NEWS

Low income employees hit as hard as high earners

Published: Thu 23 Dec 1999 12:53 AM
64% FBT triggers huge costs to Business
Labour’s Dr Michael Cullen has dented Labour’s credibility with ordinary workers by pushing the FBT rate to 64%, says National’s Revenue Spokesperson, Annabel Young MP.
“The 64% tax hits all people in jobs, regardless of income. All workers face the possibility of losing their fringe benefits because they now cost much more to provide. People on low incomes need to know that the Labour Party has hit them with this as a Christmas present.”
Annabel Young predicts that the renegotiations of contracts to remove benefits will trigger industrial strife across the whole workforce.
“The employer will not be able to provide the same package for the same dollars because the tax cost has just leapt up.
For the same dollars, the employer will be able to afford less. Unhappy workers on lower remuneration because of tax increases are a recipe for strikes and lost productivity.”
ends

Next in New Zealand politics

Steep rise in hardship numbers showcases income inadequacy
By: Auckland Action Against Poverty
Junior doctors strike tomorrow, DHBs say they're prepared
By: RNZ
Gordon Campbell on MBIE’s social media scam
By: Gordon Campbell
New campaign for a 21th century trade agenda
By: Professor Jane Kelsey
Gordon Campbell: Thompson + Clark are the tip of the iceberg
By: Gordon Campbell
Education Provider in Interim Liquidation
By: Grant Thornton
Report: complaints about Deputy Commissioner Wallace Haumaha
By: Independent Police Conduct Authority
Hardship grant rise 'related to housing cost'
By: RNZ
Benefit rates remain low
By: New Zealand Government
Benefits up as Govt makes it easier to do nothing
By: New Zealand National Party
Hardship grant increase shows baseline benefit must increase
By: Green Party
Welfare rolls swell with 1 in 10 on benefits
By: ACT New Zealand
Families cannot wait till Budget 2019 announcements
By: Child Poverty Action Group
ASMS Advice on RMO National Strike(s)
By: Association of Salaried Medical Specialists
DHBs dispute union’s claims about bargaining
By: District Health Boards
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media