INDEPENDENT NEWS

Taxpayers’ Union responds to economic growth slowdown

Published: Thu 20 Dec 2018 01:18 PM
Responding to the reduced economic growth figures for the latest quarter, New Zealand Taxpayers’ Union spokesman Louis Houlbrooke says:
“New Zealand needs more resilience to global economic downturn. The last thing the Government should do is put a dampener on growth with new taxes.”
“In particular, taxes on investment such as the proposed capital gains tax would threaten the productivity of our economy and intensify any economic slowdown. With the world’s economic direction uncertain, we encourage all politicians over the summer months to think about how they can encourage growth and investment rather than stifle success and entrepreneurship in the new year.”
ENDS
New Zealand Taxpayers' Union
New Zealand's grassroots campaign for lower taxes and less government waste
The New Zealand Taxpayers' Union is an independent activist group, dedicated to being the voice for Kiwi taxpayers in the corridors of power. It's here to fight government waste and make sure New Zealanders get value for money from their tax dollar. New Zealanders are invited to join and donate at http://taxpayers.org.nz
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