web analytics

Half of rich still cheating on tax

Written By: - Date published: 10:19 am, August 27th, 2012 - 75 comments
Categories: class war, tax - Tags:

Remember how National’s excuse for cutting the top tax rate from 39% to align with the trust rate at 33% was that half of the rich were dodging the top tax rate – so, they should all get a tax cut. Tax cuts for tax cheats, it was called. And guess what? They’re still cheating. Only half of the ultra-rich are paying even that slashed 33% rate. When they cheat we pay with cut services, higher charges, and more government debt.

75 comments on “Half of rich still cheating on tax”

  1. Rusty Shackleford 1

    “When they cheat we pay with cut services, higher charges, and more government debt.”

    The govt should allocate those resources based on the money it actually has, not based on the money it thinks it will have. Hatched chickens and all that. Well… that’s how the rest of us are expected to align our finances anyway.

    Are there any figures on the tax take pre and post tax cut? I’m willing to bet the tax cut didn’t have an effect on the total amount gathered from that top tax bracket.

    • Bored 1.1

      Fekk, I agree with Rusty, what is happening to the world?

      • Tom Gould 1.1.1

        Key is in the $50m plus club, according to NBR. So there’s a 50/50 chance he is not paying full whack too.

        • Herodotus 1.1.1.1

          I think you will find he is, as his PM’s salary will be declared and will have PAYE tax deducted at source. And as his assets are in a blind trust he will not have the information how to max his income and min. his tax.
          At least 50% ARE paying the highest marginal rate. Also Lab and Nat are consistent in attacking PAYE workers and how much someone on $60-$120k are the real target. Even though many teachers/nurses/police etc have no ability to “manage” their financial affairs in a way that those on the extreme end of the wealth spectrum are able to.

    • Colonial Viper 1.2

      The govt should allocate those resources based on the money it actually has, not based on the money it thinks it will have. Hatched chickens and all that. Well… that’s how the rest of us are expected to align our finances anyway.

      No private sector company does it the way that you say. Forecasting, budgeting, and commiting to projects and expenditure in advance is a way of life.

      Not even ordinary home buyers do what you say – people buy houses using mortgages, and those mortgages are taken out based in expectations of future (uncertain to some extent) income – not money on hand today.

      God you’re ignorant.

      • Rusty Shackleford 1.2.1

        CV, there is no need to resort to invective.

      • Bored 1.2.2

        In defense of Rusty he has pointed out (maybe unwittingly) that there is a need to only spend what is earned…no credit creation..no debt based on future growth (methinks this might not be where he was going but….)

        • Mike 1.2.2.1

          “In defense of Rusty he has pointed out (maybe unwittingly) that there is a need to only spend what is earned…no credit creation..no debt based on future growth (methinks this might not be where he was going but….)”

          No credit creation??? How do you think money is created?

  2. infused 2

    It hasn’t if you take a read.

    • Rusty Shackleford 2.1

      Take a read of what?

      • Lanthanide 2.1.1

        Infused is strictly incorrect as he didn’t address your question.

        You are asking if the total in $ terms from the top tax bracket is the same after the cut as before it. What infused is talking about is what is written in the article on stuff, purely that the proportion of those with $50m+ (including Key one should assume…) paying the top tax rate didn’t change after the tax cut.

        Anyway, to simply answer your question, it is clearly yes, there is less money coming from the top tax bracket, not “the same” as you imply. We know this because of treasury’s predictions and using this as the excuse to raise GST.

        • Rusty Shackleford 2.1.1.1

          “Predictions”? So we have no actual figures? Treasury are always going to assume that a cut in percentage will lead to a drop in revenue when this isn’t always the case.

          • Lanthanide 2.1.1.1.1

            I’m sure the figures exist. I’m also sure what they’re going to say. You’re the one who is wondering, you go do the work to look it up, I’m certainly not going to do it for you.

          • Colonial Viper 2.1.1.1.2

            “Predictions”? So we have no actual figures? Treasury are always going to assume that a cut in percentage will lead to a drop in revenue when this isn’t always the case.

            Tax cuts are the cheapest, fastest, surest way for the rich to retain more profits (and for the state coffers to get less). Better than taking on the risk of a new business or being an entrepreneur.

          • mike e 2.1.1.1.3

            early figures say we are down by about 1.1 to 1.5 billion dollars.

        • aerobubble 2.1.1.2

          Yes, the burden of taxation was moved down the income deciles, and raised over all of NZ.

  3. CJA 3

    Guys seriously this isn’t correct. A lot of these people will be paying the same if not significantly more tax than most. Most of their income generating assets will be in trusts and companies which have a flat tax rate of 33% and 28% respectively.

    • Colonial Viper 3.1

      Of course the trick (as you well know) is to move as many of the personal expenses you incur as possible into the business expenses column.

      Further, the wealthiest in this country can afford to pay far more than they are now.

    • Mr Burns 3.2

      Yes leave the wealthy alone. After all they are paying their fair share of tax. You do have the figures CJA, don’t you?

      • CJA 3.2.1

        Mr Burns did you read the article? Check out the throw away comment at the bottom, which no doubt some may have missed. “Revenue Minister Peter Dunne said the figures did not include tax that may have been paid on income from trusts and dividends. ” No I don’t have all the figures but do you have the figures for the tax paid on the income in trusts from these individuals?

        • Mr Burns 3.2.1.1

          No I don’t have the figures for the tax paid on the income in trusts but I am not the one saying that James Henderson’s claims are not correct.

          • CJA 3.2.1.1.1

            Was actually referring to the article in Stuff. See the link and have a read.

            • Mr Burns 3.2.1.1.1.1

              I’m confused CJA.  Are you for the god given right of the rich to gorge themselves on the collective wealth of the community to the detriment of the many and to wreck the environment in pursuit of filthy lucre or not?

  4. Johnm 4

    One of the behaviours that eventually ruins a once proud and viable nation reducing it to a shambles as with Greece, the UK and the U$: Link:

    http://www.informationclearinghouse.info/article32284.htm

  5. TighyRighty 5

    You have gone and made the same mistake the sst has. Equating wealth with income. I bet the avoidance rate is no worse, at worst, than it was when the top tax rate was 38%

    • framu 5.1

      Okely dokely – how many people get to be multi millionaires and earn under 70k pa at the same time?

      • insider 5.1.1

        Invest in Apple shares….

        You can accumulate assets over a lifetime and so be ‘wealthy’, but income is measured at a single point in time or a much more limited time so may tell a completely different story. If you’re retired, at a pretty reasonable 5% return, you’d still need well over $1m in income generating assets alone to get close to a 70k income. I wouldn’t call less than a senior teacher’s salary the lap of luxury.

        • Mike 5.1.1.1

          Right, so 90 of the richest individuals in the country, worth more than 50 million each, had personal incomes of less than 70k last year.

      • Bored 5.1.2

        Its easy Framu, what you need are multiple nations in which you earn and transfer the dosh! Theoretically here’s how you do it…

        1. Your company earns a large profit BUT you pay yourself only $40K….just to keep the IRD happy you are legit and resident.
        2. Your offshore subsidiary (based in the Cayman Islands or Mars or some other zero tax zone) in which you are a 100% shareholder invoices you for marketing fees, management fees, IP, licensing or some other spurious “soft” transaction. It invoices you more than the total profit.
        3. Your company in NZ files a loss and claims a tax credit….
        4. Switzerland has these wonderful bank accounts.

      • TightyRighty 5.1.3

        I actually wonder how many were worth that much but aren’t any longer and getting even any tax out them is a gain? Wealth and income are two distinct things and should be regarded in different lights. My income went up over the last financial year, but my net wealth went down. I’m not wealthy enough to make a difference but it would be nice if I could claim a tax refund in light of not being as wealthy as I once was. I can’t. Too bad.

    • lprent 5.2

      Probably. In fact I’d almost bet that lowering the rate made absolutely no difference to the compliance and the total nett effect was that it simply dropped the tax take. The wealthy generally aren’t that sensitive to tax rates.

      They tend to fall into one of two groups – the ones that think that any tax is too much (ie the ACToids) and who will avoid all taxes, and the ones that are prepared to pay tax if it isn’t excessive (like the 60%+ rates my old man had) and won’t avoid until it is. Neither change their avoidance/evasion behaviours for minor shifts in tax rates.

      Good reason to push the rate back up and then to subject EXCESSIVE avoidance to the full weight of tax auditing. I’d also remove all tax exemptions on donations to political parties including GST exemptions. Quite simply concentrate a good proportion of the IRD’s resources on the people with high incomes and low payment levels of tax. If we lose them to another country then everyone benefits because in my experience most of the people who are major tax avoiders are parasites all the way through the economy as well…

  6. tsmithfield 6

    The answer seems simple. Align the top tax rate, company rate, and trust rate.

    The company rate is a few points lower than the top income tax rate, so high income earners can simply leave their profits in the company to be taxed at the company rate. Aligning the rates would remove this advantage.

    • Colonial Viper 6.1

      Would help. An asset tax would also as it would take pressure off those earning only $100K pa. We overtax income, currently, and way under tax assets.

    • Mr Burns 6.2

      Yes let’s give the wealthy another tax cut. After all the past couple have really improved things for everyone.

      • McFlock 6.2.1

        nah – align them all at 39% for starters 🙂

        • Rusty Shackleford 6.2.1.1

          Why not 100%?

          • RedLogix 6.2.1.1.1

            Well the US economy boomed during the 40 -60’s when the top tax rate was in the order of 90% … so I’d have to say that’s not a bad suggestion there Rusty.

          • Dv 6.2.1.1.2

            Rusty, what a really dumb idea.
            How would the Nacts have enough moneyfor example to bail out SCF, set up charter schools, impose national standards etc etc!!!!!

          • McFlock 6.2.1.1.3

            Didn’t know you were a c0mmun1st, Rusty. Riding that ideological rollercoaster, eh?

            • Colonial Viper 6.2.1.1.3.1

              Forget income taxes. Drop all those to a flat 20% with a tax free income threshold of say $15K, and replace the revenue by getting a real assets tax and FTT in place.

              • McFlock

                Possibly – but the transition is just as important as the tax objective.
                If we dropped income tax and the FTT failed to perform up to spec, we’d have a major issue. Raising income tax to address the immediate shortfall as an intermediary before FTT / asset tax would ease the transition.
                       
                I’m still a bit leery about a real assets tax – what I worry about is that AFAIK it is a tax based on a reasonable projected return on the asset? So if it’s not being run with the primary objective of being a commercial entity, it might lead to asset rich – cash poor situations. Which is a bit harsh for e.g. planting native bush in large blocks rather than copying all your neighbours and doing intensive dairy farming. 

                • Draco T Bastard

                  That just tells us that some things shouldn’t be left to the market.

                  • McFlock

                    Which doesn’t actually solve the problem of how one taxes property based on its book value, rather than just the income that property accrues. 

                    • Draco T Bastard

                      Actually, the CCT that is put forward in the Big Kahuna has it so that if the income doesn’t match the minimum amount the owner gets a tax credit.

                      Things such as native forests should probably be left to government as they’ve got the long term capability that a private owner doesn’t have.

                      Then there’s the fact that an over supply of farms is bad for the country environmentally, economically and socially.

                    • McFlock

                      Okay, tax credits on insufficient income from capital assets. Fair enough.
                           
                      The native forest angle sounds odd, though. Why shouldn’t people who own something run it for a non-commercial reason? Native bush on farmland is one example – maybe having a theatre or art gallery in commercial property, rather than a box store?

                • Colonial Viper

                  Yep those are definitely fair concerns, McFlock. I agree the transition planning would probably need a bit more depth 🙂

              • Foreign Waka

                Tax Trust Funds and regulate any money transfers to off shore accounts. It was discovered that the top earners in the richest European countries transfer their money to Singapore. You can bet that there will be no problem with keeping that under the radar.

    • Bored 6.3

      All good, except see my answer to Framu….I have real life experience of working for multinationals who were very good at the transfer of profit away from NZ to lower tax countries. That is what has driven the major chunk of tax revenue diminution for most first world economies.

    • felix 6.4

      “The answer seems simple. Align the top tax rate, company rate, and trust rate.

      The company rate is a few points lower than the top income tax rate, so high income earners can simply leave their profits in the company to be taxed at the company rate. Aligning the rates would remove this advantage.”

      Unfortunately tsmithfield, the Minister of Finance is either a moron or a cretin. He said he was going to address the problem by aligning the rates, but then dropped them both.

      Which do you think it is – moron or cretin? I find it hard to believe he’s that stupid so I’m going with cretin. He wants the loophole left in place so he left it in place.

  7. Descendant Of Smith 7

    Nope tax business at a gross rate not a net just like employees. Their expenses and profit should be an issue for their owners and shareholders.

    • Bored 7.1

      Personally I don’t think there is a need to do anything other than to have the IRD target some of the $70K millionaires and go through their books in fine detail, then apply the regulations / law. Even if the IRD don’t nail them they can gather GST and company tax from the people who earn their dosh working as tax accountants / lawyers for the $70K Club.

      • CJA 7.1.1

        Bored generally speaking the IRD will target these people and specific professions (i.e. Penny and Hooper case). Based on what I have seen in the profession the “millionaires” actually do things above board because they know if they get caught doing something illegal the IRD will come down on them like a ton of bricks.

        • Bored 7.1.1.1

          You are right, however it is amazing how easy it is to be one step removed. I for many years attended management meetings for two different multinationals whose CFOs spent vast amounts of their time working through acceptable ways of presenting international inter company transactions to the IRD. It was really just a game of cat and mouse.

          • CJA 7.1.1.1.1

            Transfer pricing was definitely an area that was focussed on quite heavily in the past as you mentioned.

            • insider 7.1.1.1.1.1

              Playing with transfer pricing was always considered a risky game where I worked because the IRD were open about their close interest in it. Most of the time was spent trying to ensure that everything was justifiable and squeaky clean to avoid an audit rather than trying to push the boundaries and encourage one.

    • Polish Pride 7.2

      Right….. almost businesses would fail in such a scenario. Mine in particular has a significant turnover (high cost of inputs) and has come out at a net loss… Tax it at the gross amount and it ceases to exist like probably some 80% of businesses I am guessing. Way to implode your economy……. Then given the fact that we need to change the entire system to one that works for people that might not be a bad thing..

      That is not the way it is for employees either. Employees are taxed on the net amount they earn and then pay tax on that figure although it is often referred to as a net figure after tax.
      Businesses likewise are taxed on the Net amount they earn too.

      • Draco T Bastard 7.2.1

        Employees are taxed on the net amount they earn and then pay tax on that figure although it is often referred to as a net figure after tax.

        Employees are taxed at their gross income. They don’t get to claim expenses to reduce their tax bill.

      • Descendant Of Smith 7.2.2

        Nah they wouldn’t because the taxing at gross would mean a really low tax rate and would pick up revenue that is currently missed from places like the banking sector.

        It would also reduce the number of businesses set up to transfer income from one to the other to minimise tax, increasing productivity by removing those non-producing businesses from the economy.

        What you can claim now gives some businesses a big advantage over others as does how thety structure.

        If every business was on the same footing it would be much simpler and easier to administer as well.

        If you think the tax rate might be 5% or so – certainly no higher than 10%.Maybe as low as 3% – I can’t find a figure that gives me the total gross before expenses that all business make.

  8. Tracey 8

    Isn’t this a return to t he CGT argument, which National seems to want to avoid…

  9. RedBat 9

    Time the rich left. We don’t need them.

    • Kotahi Tāne Huna 9.1

      I agree – they should all go Galt. No-one would notice or even care, and once they realised that without society all their riches are worthless, no-one would notice them come crawling back 🙂

  10. RedLogix 10

    I think you are all missing the point. The rich are better people than any of us ordinary workers and there is no need for them to pay tax. They already benefit the world just by being rich.

    What they are doing is not cheating … it is their moral duty not to pay tax. Otherwise they might be propping up useless eaters and that would be just wrong.

  11. God, that woman Danya Levy shouldn’t be calling herself a journalist. What a load of rubbish. I found at least one table in stats that rebutted most of her Repeater tripe. My, more accurate analysis as follows:
    http://nowoccupy.blogspot.com/2012/08/average-wages-rise-wanted-journalists.html

    • Mr Burns 11.1

      This is a woman after my own heart. She is full of jibber jabber and doesn’t have the faintest clue what she is talking about. And she clearly believes the really rich should not pay a cent in tax.

      Can we get rid of this English fellow and appoint Monique Watson minister of finance? 

    • Dv 11.2

      From the first line of the article Monique !!
      Inland Revenue has found only half of wealthy individuals worth more than $50 million each are paying the top personal tax rate, despite Government moves to combat tax avoidance.

      SO the source was the IRD.
      DUH

      • insider 11.2.1

        Assets generally aren’t taxed, only income. I have a house so reasonably substantial worth (on the grand scale of things) but it generates no income.

        How much tax was paid by entities associated with these people, is the question that logically follows, which both the IRD and tHe reporter should be asking

        • Draco T Bastard 11.2.1.1

          I have a house so reasonably substantial worth (on the grand scale of things) but it generates no income.

          That doesn’t mean that the asset itself shouldn’t be taxed. In fact, your house is – it’s called rates.

          • insider 11.2.1.1.1

            Hence the word ‘generally’. If the Money were tied up in gold, nothing would be payable

  12. phil 12

    Radical idea: the other 50% have income flowing through company’s and trusts.. being taxed at an effective rate of 33%.

    “Revenue Minister Peter Dunne said the figures did not include tax that may have been paid on income from trusts and dividends.”

Recent Comments

Recent Posts

  • Revolutionary art in Palmerston North
    Last night I was a judge at the May Day Cup, an annual theatrical event which celebrates International Workers Day. The event was organised by stalwart unionist Dion Martin and included a range of performers competing for the Cup. This year… ...
    GreensBy Catherine Delahunty
    17 hours ago
  • Revolutionary art in Palmerston North
    Last night I was a judge at the May Day Cup, an annual theatrical event which celebrates International Workers Day. The event was organised by stalwart unionist Dion Martin and included a range of performers competing for the Cup. This year… ...
    GreensBy Catherine Delahunty
    17 hours ago
  • Andrew Little visits Zaatari refugee camp
    Leader of the Opposition, Andrew Little, has visited the largest Syrian refugee camp in the world, Zaatari in Jordan, a day after seeing New Zealand troops at Camp Taji in Iraq. Mr Little spent several hours in the camp, meeting… ...
    2 days ago
  • Com Com’s Z Energy decision anti-competitive
    The Commerce Commission’s decision to allow Z Energy to buy Caltex can only undermine the competition in the fuel industry that is needed to ensure New Zealanders pay the lowest price for petrol, Labour’s Consumer Affairs spokesperson David Shearer says.… ...
    2 days ago
  • Com Com’s Z Energy decision anti-competitive
    The Commerce Commission’s decision to allow Z Energy to buy Caltex can only undermine the competition in the fuel industry that is needed to ensure New Zealanders pay the lowest price for petrol, Labour’s Consumer Affairs spokesperson David Shearer says.… ...
    2 days ago
  • OAG raps Govt over the knuckles on HNZ contracts
    The Government has been rapped over the knuckles by the Auditor General over its failure to properly manage $2.3m of contracts and conflicts of interest in relation to a merchant banker advising them on the state house sell-off, says Labour’s… ...
    2 days ago
  • OAG raps Govt over the knuckles on HNZ contracts
    The Government has been rapped over the knuckles by the Auditor General over its failure to properly manage $2.3m of contracts and conflicts of interest in relation to a merchant banker advising them on the state house sell-off, says Labour’s… ...
    2 days ago
  • Brownlee must step in as EQC spin exposed
    Gerry Brownlee needs to step in after EQC’s desperate spin in the wake of yesterday’s landmark settlement has been exposed by its own documents, says Labour’s Canterbury spokesperson Megan Woods. “Yesterday’s settlement showed that thousands of homes may not have… ...
    3 days ago
  • Brownlee must step in as EQC spin exposed
    Gerry Brownlee needs to step in after EQC’s desperate spin in the wake of yesterday’s landmark settlement has been exposed by its own documents, says Labour’s Canterbury spokesperson Megan Woods. “Yesterday’s settlement showed that thousands of homes may not have… ...
    3 days ago
  • OIO must explain Argentine pollution prosecutions
    The Overseas Investment Office (OIO)has questions to answer about how it safeguarded our sensitive land by allowing foreign investors with criminal prosecutions to purchase Onetai Station in Taranaki, says Labour’s Land Information spokesperson David Cunliffe.   “Rafael and Federico Grozovsky… ...
    3 days ago
  • Aussie banks in NZ should ban lending to offshore buyers
    ASB, Westpac and ANZ must confirm whether or not they will continue to fund the over-heated property market by lending to non-resident offshore home buyers, Labour’s Housing spokesperson Phil Twyford says. “This issue has arisen because their parent banks have… ...
    3 days ago
  • Aussie banks in NZ should ban lending to offshore buyers
    ASB, Westpac and ANZ must confirm whether or not they will continue to fund the over-heated property market by lending to non-resident offshore home buyers, Labour’s Housing spokesperson Phil Twyford says. “This issue has arisen because their parent banks have… ...
    3 days ago
  • Murray McCully needs to come clean over Tokelau ferry debacle
    Foreign Minister Murray McCully needs to come clean on why a New Zealand aid-funded vessel intended to service the Tokelau Islands is delayed, over budget and failed its sea trials, Labour’s Foreign Affairs spokesperson David Shearer says. “The new ship… ...
    3 days ago
  • Full independent inquiry needed to save New Zealand’s reputation
    Revelations that John Key's personal lawyer and trust advisor led a lobbying campaign to shut down a review of New Zealand's foreign trust regime makes the case for a full scale independent inquiry a matter of urgency, Labour's Finance spokesperson… ...
    3 days ago
  • Full independent inquiry needed to save New Zealand’s reputation
    Revelations that John Key's personal lawyer and trust advisor led a lobbying campaign to shut down a review of New Zealand's foreign trust regime makes the case for a full scale independent inquiry a matter of urgency, Labour's Finance spokesperson… ...
    3 days ago
  • Andrew Little visits NZ troops in Iraq and refugees in Jordan
    Opposition Leader Andrew Little has visited New Zealand troops at Camp Taji, Iraq. Mr Little also met with Iraqi Defence Minister Khaled Al-Obedih and senior military officials from the Coalition forces in Iraq. He now heads to Jordan to see… ...
    4 days ago
  • Workplace death toll still too high
    It’s a damning indictment on the Government that as workers gather to remember their lost workmates on Worker’s Memorial Day, New Zealand’s workplace death toll is still far too high, Labour’s Workplace Relations and Safety spokesperson Iain Lees-Galloway says. “At… ...
    4 days ago
  • Workplace death toll still too high
    It’s a damning indictment on the Government that as workers gather to remember their lost workmates on Worker’s Memorial Day, New Zealand’s workplace death toll is still far too high, Labour’s Workplace Relations and Safety spokesperson Iain Lees-Galloway says. “At… ...
    4 days ago
  • Minister must come clean on implications of landmark settlement
    Gerry Brownlee has urgent and serious questions to answer in the wake of today’s landmark EQC settlement, which potentially has major implications for thousands of Cantabrians, says Labour’s Canterbury spokesperson Megan Woods. ...
    4 days ago
  • Mossack Fonseca links to OIO approvals must be investigated
    The Minister for Land Information must investigate and disclose how many applications to the Overseas Investment Office (OIO) have links to Mossack Fonseca, says Labour’s Land Information spokesperson David Cunliffe. “Labour can now reveal the OIO approved an application from… ...
    4 days ago
  • Mossack Fonseca links to OIO approvals must be investigated
    The Minister for Land Information must investigate and disclose how many applications to the Overseas Investment Office (OIO) have links to Mossack Fonseca, says Labour’s Land Information spokesperson David Cunliffe. “Labour can now reveal the OIO approved an application from… ...
    4 days ago
  • Govt complacency leaves RB no room to cut
    The Government has put the economy in a holding pattern, leaving the Reserve Bank Governor with little room to manoeuvre as he tries to balance a rampant housing market with non-existent inflation, says Labour’s Finance spokesperson Grant Robertson. “Graeme Wheeler… ...
    4 days ago
  • Govt complacency leaves RB no room to cut
    The Government has put the economy in a holding pattern, leaving the Reserve Bank Governor with little room to manoeuvre as he tries to balance a rampant housing market with non-existent inflation, says Labour’s Finance spokesperson Grant Robertson. “Graeme Wheeler… ...
    4 days ago
  • Dam not out of doldrums yet
    Ruataniwha Dam promoters Hawke’s Bay Regional Investment Company (HBRIC) still has hurdles to clear and a lot of work to do before ratepayers and taxpayers will have confidence in the scheme, says Labour’s MP for Ikaroa-Rāwhiti Meka Whaitiri.“We need sustainable… ...
    4 days ago
  • New study shows Smith’s insulation fails Kiwi kids
    A new Otago University study shows Nick Smith’s inadequate insulation standards will see hundreds of children unnecessarily hospitalised for housing-related illnesses every year, Labour’s Housing spokesperson Phil Twyford says. ...
    4 days ago
  • Government out of touch on foreign trusts
    John Key’s poor handling of the foreign trusts issue is starkly revealed in a poll today which shows the majority of Kiwis are worried about the country being a tax haven and almost half think the issue has been badly… ...
    4 days ago
  • Government out of touch on foreign trusts
    John Key’s poor handling of the foreign trusts issue is starkly revealed in a poll today which shows the majority of Kiwis are worried about the country being a tax haven and almost half think the issue has been badly… ...
    4 days ago
  • Biggest trade deficit for 7 years a warning for Govt
    The biggest trade deficit for seven years shows the Government can’t be so complacent about the economy and must take action to diversify and encourage exports, says Labour’s Finance spokesperson Grant Robertson. “The biggest driver has been the fall in… ...
    5 days ago
  • Biggest trade deficit for 7 years a warning for Govt
    The biggest trade deficit for seven years shows the Government can’t be so complacent about the economy and must take action to diversify and encourage exports, says Labour’s Finance spokesperson Grant Robertson. “The biggest driver has been the fall in… ...
    5 days ago
  • Government’s record on climate change under fire
      The Royal Society’s latest report on climate change has made it clear that it believes the Government’s current approach to climate change is inadequate, says Labour’s spokesperson on Climate Change Megan Woods.  “The report, ‘Transition to a low-carbon economy… ...
    5 days ago
  • Government’s record on climate change under fire
      The Royal Society’s latest report on climate change has made it clear that it believes the Government’s current approach to climate change is inadequate, says Labour’s spokesperson on Climate Change Megan Woods.  “The report, ‘Transition to a low-carbon economy… ...
    5 days ago
  • Mainfreight director agrees with Labour on rail funding
    Richard Prebble – in the past accused of ruining rail and now a director of Mainfreight – agrees with Labour that secure funding for KiwiRail is the best way to minimise congestion in our major cities, says Labour’s SOEs spokesperson… ...
    5 days ago
  • Mainfreight director agrees with Labour on rail funding
    Richard Prebble – in the past accused of ruining rail and now a director of Mainfreight – agrees with Labour that secure funding for KiwiRail is the best way to minimise congestion in our major cities, says Labour’s SOEs spokesperson… ...
    5 days ago
  • Government to Reserve Bank – Rock or Hard Place?
    The Government’s complacency on the housing crisis and the economy has put the Reserve Bank Governor in a no-win position as he contemplates the OCR tomorrow, says Labour’s Finance spokesperson Grant Robertson. “Graeme Wheeler is stuck between a rock and… ...
    5 days ago
  • Government to Reserve Bank – Rock or Hard Place?
    The Government’s complacency on the housing crisis and the economy has put the Reserve Bank Governor in a no-win position as he contemplates the OCR tomorrow, says Labour’s Finance spokesperson Grant Robertson. “Graeme Wheeler is stuck between a rock and… ...
    5 days ago
  • John Key’s land tax could push up rents
    A land tax proposed by John Key as the answer to the housing crisis could push up rents and risks having no effect on skyrocketing prices, Labour’s Housing spokesperson Phil Twyford says. “The Government needs to explain why the thousands… ...
    5 days ago
  • Government should ban foreign speculators
    The Prime Minister’s musings about a land tax on non-resident buyers is just more tinkering, and the Government should just ban foreign speculators as the Australian Government has done, says Labour’s Housing spokesperson Phil Twyford. “This is classic John Key.… ...
    6 days ago
  • Government must protect Pharmac as promised
    John Key must tell New Zealanders that he will not bow to pressure from wealthy drug companies or their US negotiators and put Kiwi lives at risk, Labour’s Health spokesperson Annette King says.   “News reports today have the drug… ...
    6 days ago
  • Action not words, needed on housing speculation
    John Key should be taking action to crack down on speculation in our overheated housing market, instead of random musings on land tax, Labour Housing spokesperson Phil Twyford said.  "John Key suggested today on TVNZ's Q and A programme that… ...
    1 week ago
  • Tertiary education cost rising 7x faster than inflation
    New figures show the cost of tertiary education is rising seven times faster than inflation, putting post-school education out of the reach of many, Opposition Leader Andrew Little says.  “Figures release this week show how much more students or their… ...
    1 week ago
  • Buying Lotto is not an arts funding strategy
    The Government must rethink the way the arts are funded after falling Lotto sales has left the sector with declining resources and increasingly vulnerable, Labour’s Arts, Culture and Heritage spokesperson Jacinda Ardern says.  “Our arts sector is in a sorry… ...
    1 week ago
  • Parents hit in pocket by Government under-funding
    Parents and families are left forking out more and more for their kids’ education as a direct result of Government under-funding, Labour’s Education spokesperson Chris Hipkins says.  “The latest data shows that the cost to families of primary and secondary… ...
    1 week ago
  • Scientists ‘gasping for oxygen’ under National
     Steven Joyce's claims to be creating a science and innovation hub in New Zealand are a sham based on PR fluff, says Labour's Science and Innovation Spokesperson David Cunliffe.  “A damning critique of the science funding model by the New… ...
    1 week ago
  • Scientists ‘gasping for oxygen’ under National
     Steven Joyce's claims to be creating a science and innovation hub in New Zealand are a sham based on PR fluff, says Labour's Science and Innovation Spokesperson David Cunliffe.  “A damning critique of the science funding model by the New… ...
    1 week ago
  • Water for grass
    Last Saturday, my colleague Eugenie Sage took me for a drive across the Canterbury Plains. I had seen from the air the landuse changes across the plains in recent times; a patchwork of crops and stock raising has been transformed… ...
    GreensBy Catherine Delahunty
    1 week ago
  • Water for grass
    Last Saturday, my colleague Eugenie Sage took me for a drive across the Canterbury Plains. I had seen from the air the landuse changes across the plains in recent times; a patchwork of crops and stock raising has been transformed… ...
    GreensBy Catherine Delahunty
    1 week ago
  • Thousands of invalid votes likely after National refuses to change rules
    National’s refusal to make it easier to enrol and vote could result in tens of thousands of votes continuing to be ruled invalid at general elections, Labour’s Justice spokesperson Jacinda Ardern says. The Justice and Electoral select committee today released… ...
    1 week ago
  • Social Development stats don’t add up
    Today’s figures released by the Ministry of Social Development show that despite a drop in the number of beneficiaries, fewer people are going into paid employment or study, says Labour’s Social Development spokesperson Carmel Sepuloni. ...
    2 weeks ago
  • Fonterra sticks with high pollution goal of increasing milk supply
    This week’s reported comments by Fonterra chair John Wilson that dairy “volumes were only going to keep increasing”  are troubling. Mr Wilson was supporting a potential renegotiation of the New Zealand-China Free Trade Agreement (FTA). Under the FTA dairy products such… ...
    GreensBy Eugenie Sage
    2 weeks ago
  • Coleman’s ‘efficiencies’ strangling health
    New Zealand’s district health boards have made ‘efficiencies’ of more than $672 million over the past five years at the expense of everything from new drugs to elective surgery, says Labour’s Health spokesperson Annette King.  “This is a body blow for… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere