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Taxenophobia

Written By: - Date published: 4:51 pm, August 20th, 2014 - 22 comments
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Tim Hunter aka “Chalkie” has a fascinating article in today’s DomPost on why foreigners are so keen to buy New Zealand assets – tax. He discusses Wellington Electricity Network and Lochinver to make the point that “the real appeal of investing in New Zealand is how easily foreign companies manage to avoid paying tax” – anywhere.

“There are huge tax advantages available to overseas investors that simply cannot be accessed by locals. They crank up the returns available to foreign buyers and make New Zealand assets worth more to overseas owners than to New Zealand residents.”

He looks Wellington Electricity Network as an example, and also Lochinver. Read it and weep – or get mad.

WED was bought by Cheung Kong Infrastructure Holdings  for $785million. It makes a loss, not because of its cashflow but because of its debt – 80% of its asset value. The debt is to a CKI company registered in the British Virgin Islands at a premium rate 12.5%. It pays no tax in New Zealand becuase of the loss and pays no tax anywhere else because it is owned in the Bahamas “where , like BVI, the tax system is a warm bath for companies to float in the dark and listen to the sound of money – no company tax, no withholding tax, no captial gains tax, nothing.”

Chalike discusses the Lochinver sale as well.

Chalkie reckons we should welcome foreign investment, but not so much that we meet it at the airport with the tax equivalent of a red carpet on the tarmac, a chauffeur-driven limousine, free accommodation at Kauri Cliffs and an invite to John Key’s house for drinkies every Friday night. Whatever the benefits of overseas ownership – and there will be some – Chalkie reckons we should also take account of the costs.

The issue is the same whether the assets are companies or farmland. The would-be buyer of Lochinver Station near Taupo has been named as Pure 100 Farm, described by the Overseas Investment Office as “a wholly owned subsidiary of Shanghai Pengxin Group”.

It may be, but its immediate parent is Milk New Zealand Holding, owner of the former Crafar and Synlait farms in Waikato and Canterbury. Milk New Zealand Holding is wholly owned not by Shanghai Pengxin, but by Milk New Zealand Investment, a company registered in the British Virgin Islands. The ownership was disclosed to the Companies Office on August 13.

Chalkie reckons owning New Zealand farms through a Caribbean tax haven may have tax advantages – or is that xenophobic?

The ownership was disclosed on August 13. On August 2 Farrar’s Kiwiblog (repeated in National Business Review) carried this post in support of Steven Joyce’s “xenophobia” attack on Labour’s Grant Robertson on TV3’s The Nation.

Interestingly, a couple of the commenters on Kiwiblog were awake to the murky ownership of the Lochinver would-be  buyers. However I think Chalkie is right – we should pay attention to the costs of foreign investment, and we need tot alk about that rec carpet rollout.

Joyce’s thoughtless bullying exemplifying National’s thoughtless  “soundbite” approach leaves New Zealand wide open. At least Labour will keep New Zealand for New Zealanders and will also close the tax loopholes available to multinational corporates.

Time for a change.

P.S. For more on Wellington Electricity Network’s history and the stupidity of asset sales to foreigners, see this Fabian Society paper comparing outcomes for water and electricity networks in Wellington.

 

 

 

22 comments on “Taxenophobia”

  1. ghostwhowalksnz 1

    Milk NZ Holdings were only able to buy the former Crafar farms because the National government stepped in to require the taxpayers milk the cows for them.

    Thats right they worked out a deal for Landcorp to become sharemilkers on someone elses land. Its crazy and not why we have a SOE involved in agriculture. I know that some people have long term leases on landcorp farms and some sharemilkers are on landcorp dairy farms.
    But the other way around ???

  2. hoom 2

    In the beginnings of the USA the citizens had the issue of Taxation without Representation.

    The world currently has the reverse problem of Rich & Corporates who have excessive Representation and no Taxation.

  3. ghostwhowalksnz 3

    As an aside I thought we had strict ‘thin capitalization’ rules to knock out most of this borrowing the lot off shore

    Seems as though there is looholes
    http://taxpolicy.ird.govt.nz/publications/2013-commentary-arearm/thin-capitalisation-rules

  4. alwyn 4

    I notice that you did a fairly selective edit of the article.
    The main organisation he talks about was Wellington Network which Chalkie says was bought in 2008 when, guess who (hint starts with an L) were the Government. He also says that, under a National Government the IRD are going to tighten up on the rules.
    Yes the rules are wrong but at least the current Government plan to do something about it.

    • infused 4.1

      Yeah, Labour flogged that one off… on the quiet too.

    • Draco T Bastard 4.2

      The main organisation he talks about was Wellington Network which Chalkie says was bought in 2008 when, guess who (hint starts with an L) were the Government.

      And a lot of us were saying at the time that it should have come under the Strategic Assets legislation that the Labour led government had just passed.

      Yes the rules are wrong but at least the current Government plan to do something about it.

      So do the next government. Thing is, we’ve known about these tax loopholes for years and National haven’t actually done anything about them. Instead they’ve been passing laws that damage working peoples rights, engaging in beneficiary bashing and giving state subsidies to WB, Rio Tinto and SkyCity.

      And, yes, I’ll agree that a government can’t do everything at once but these should have been a priority in 2008 or earlier.

  5. disturbed 5

    Can we get someone to compile an up to date list of foreign companies take overs as this as Farrar “taxpayers Union” or Government has yet to do.

    List of foreign taxpayers rip-off”s of the N.Z. taxpayer.

    1/ Lochinvar Station. to Shanghai Pengxin Group”.
    2/ 49% sale of Mighty river power, ?
    3/ Crafer Farms, to Milk NZ Holdings – British Virgin Islands
    4/ Wellington Electricity Ltd – Cheung Kong Infrastructure Holdings
    5/ Genesis Energy, to ?
    6/ Meridian Energy, ?

    Add to anyone.

    • Gareth 5.1

      ASB, ANZ, BNZ, National, Westpac

      • TheContrarian 5.1.1

        Westpac has always been an Aussie bank and ASB was, from memory, never owned by the govt. Same goes with ANZ too actually – was never a govt owned banking outfit.

        • felix 5.1.1.1

          I think the australian-owned westpac bought and subsumed the locally-owned trustbank, hence westpactrust.

          • TheContrarian 5.1.1.1.1

            True they did (like ANZ acquiring National bank) but Westpac and ANZ were always foreign owned and ASB has never been publicly owned.

            All three, however, have consumed and assimilated NZ owned enterprises. Except for maybe ASB

    • disturbed 5.2

      Updated any further?

      Can we get someone to compile an up to date list of foreign companies take overs as this as Farrar “taxpayers Union” or Government has yet to do.
      List of foreign taxpayers rip-off”s of the N.Z. taxpayer.

      1/ Lochinvar Station. to Shanghai Pengxin Group”.
      2/ 49% sale of Mighty river power, ?
      3/ Crafer Farms, to Milk NZ Holdings – British Virgin Islands
      4/ Wellington Electricity Ltd – Cheung Kong Infrastructure Holdings
      5/ Genesis Energy, to ?
      6/ Meridian Energy, ?
      7/BNZ
      8/Partial sale of Air NZ.
      9/Wairakei geothermal Power Station, to Contact/Origin Energy
      10/ Works Infrastructure ex (M.O.W). to Downer (Aust’)

  6. mikesh 6

    It’s about time interest was declared non deductible. It’s not really a business expense in any case.

  7. Draco T Bastard 7

    If that article is right, and I have no reason to doubt it, and Labour et al do close the tax loopholes (which I also have no reason to doubt) then you can start counting the time until foreign investors start running for the hills as their tax exempt status gets shut off.

  8. ianmac 8

    Who could ask if Cheung Kong Infrastructure Holdings paid any tax in NZ?
    Mr Key is very well informed and open and transparent.

  9. Alistair Connor 9

    The important point is that the various “free trade” treaties NZ has signed, or is negotiating, make it obligatory that the country be open to foreign investment.

    This is sold with “level playing field” arguments. But the playing field will never be level between local companies and multinational firms — or perhaps we should call them “non-national firms”, because they might as well be domiciled on the moon if they escape all tax jurisdictions.

    The case of Wellington’s electricity distribution is a blatant example. The story of the 12% interest rate paid to a letterbox in the Virgin Islands cries out for a law change — it would surely be legitimate to tax at, say 50%, interest paid to related parties at above market rates?

    I am opposed to all further opening of trade — in particular, the Pacific treaty under negotiation — until such time as a satisfactory international tax treaty has been established (which is likely never…)

  10. Rolf 11

    This is a trick used all over the world now, not only concerning New Zeeland. The investor put his money in a bank in, for instance UAE. He takes a loan from a bank or financial institution in BVI or Singapore, the UAE bank balance is the security. The loan interest and cost from BVI or Singapore is set high, and pay for the other costs many times over. The cost of money, interest to the BVI or Singapore is of course deductible as a commercial expense, hence no or little tax in the end. All the high tax nations are exposed to this, the real investor may even live in the same country, in this case, he lives in New Zealand, but is hidden from view through the system. This way the costs are high, and he does not have to pay tax. The only remedy is to cut the tax.

  11. Rich 12

    Cutting the tax rate? That won’t do anything, quite obviously the preffered tax rate is 0%.

    But as someone said elsewhere cut the tax claim on interest, and you will defeat this. Sure it will get a few legitimate businesses a bit antsy at first but then if your gearing is reasonable, you will be able to handle it. Well run debt evasive companies and businesses will do well.

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    This week in Parliament, John Key repeated one of the lines that looks to be central to its election campaign in 2017. As we’ll see, that word “lines” probably has one too many n’s in it. Anyway, here it is:Rt ...
    4 days ago
  • Hard News: Friday Music: The Gaffer Departs
    My friend Simon Grigg this week announced something I've known for a while – that he's stepping down from his role as creative director at Audioculture. It is, literally, to spend more time with his family: Simon and his wife ...
    4 days ago
  • Places to go, people to be
    Nothing from me today - I'm off to Christchurch for Phoenix, their annual larp convention. Normal bloggage will resume Monday, once I've caught up. ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Is There Something Wrong With Aussie Sport?
    Is There Something Wrong with Aussie Sport? The news that Australian Olympians returning from Rio have been given a hard time by the Australian media and public for the alleged paucity of their medal haul will, sadly, have come as ...
    Bryan GouldBy Bryan Gould
    4 days ago
  • The Pencilsword: I can’t draw horses
    ...
    4 days ago
  • New Zealand – we’re in the sh*t
    . . “…We should always measure a Government’s environmental rhetoric against its environmental record.” – John Key, 7 September 2008 . . ref . In September 2008, one month before the general election, National’s leader addressed the party’s “Bluegreen* Forum“, ...
    Frankly SpeakingBy Frank Macskasy
    4 days ago

  • Disability sector is in a ‘slow burning crisis’
    Disability advocates say the sector is in crisis and broken, Labour’s Health spokesperson Annette King says.  “A roundtable at Parliament organised by the Labour Party, heard today how National has left disability services chronically underfunded. ...
    18 hours ago
  • NZ fisheries depend on the environment – they should protect it
    The attitude of the fishing industry and the National Government to our oceans, and the life within it, still amazes me. Like many New Zealanders, I find it perplexing that an industry which depends entirely on the long-term health of ...
    GreensBy Eugenie Sage
    19 hours ago
  • Bigger is not always better with local government reform
    I have written previously about the overwhelming opposition expressed by local councils and community members to the latest Local Government reforms.  The Select Committee heard more submissions this week, specifically about some of the unintended consequences that may arise from ...
    GreensBy Jan Logie
    19 hours ago
  • Labour calls for state of emergency on homelessness
    Labour’s housing spokesperson Phil Twyford is calling on the Government to declare a state of emergency over the nation’s homelessness crisis. “There are 42,000 people homeless and living in severe housing stress while the National Government behaves like a possum ...
    2 days ago
  • Labour calls for state of emergency on homelessness
    Labour’s housing spokesperson Phil Twyford is calling on the Government to declare a state of emergency over the nation’s homelessness crisis. “There are 42,000 people homeless and living in severe housing stress while the National Government behaves like a possum ...
    2 days ago
  • Government must review state sector retirement investment
    The State Sector Retirement Savings Scheme has no business investing in companies which manufacture cluster bombs, anti-personnel mines and nuclear weapons, Labour MP and Parliamentarians for Global Action executive member Su’a William Sio says. “I endorse the call made by the ...
    3 days ago
  • Councils shouldn’t rush into Easter Trading
    City and district councils must ensure they don’t rush into trading on Easter Sunday ahead of local body elections next month, Labour’s Pacific Islands Affairs spokesperson Su’a William Sio says. “This decision must be taken seriously and only after extensive ...
    3 days ago
  • Minister can’t wash hands of illegal KiwiSaver investments
    The Minister responsible for appointing default KiwiSaver providers should take responsibility for ensuring they act legally, Labour’s Finance spokesperson Grant Robertson says. “The National Government has now had confirmed what they were told more than a week ago – that ...
    3 days ago
  • Fixing our broken economy
    Globally, the “neo-liberal” consensus is rapidly vanishing (I use quotation marks because there are some in Aotearoa who deny such a thing as neo-liberalism exists). Regardless of the debate around its meaning, neo-liberal is a useful descriptor for the general ...
    GreensBy Julie Anne Genter
    4 days ago
  • Fixing our broken economy
    Globally, the “neo-liberal” consensus is rapidly vanishing (I use quotation marks because there are some in Aotearoa who deny such a thing as neo-liberalism exists). Regardless of the debate around its meaning, neo-liberal is a useful descriptor for the general ...
    GreensBy Julie Anne Genter
    4 days ago
  • Government railroading Maori Land Bill through
    Maori Development Minister Te Ururoa Flavell seems determined to railroad his Te Ture Whenua Maori Bill through despite the large number of submitters in opposition to the bill, says MP Meka Whaitiri, whose Ikaroa-Rāwhiti electorate contains nearly 30 per cent ...
    4 days ago
  • A national day to commemorate NZ land wars
    It’s fantastic that the government has agreed to a hold a national day commemorating the New Zealand land wars. Announced at Kingi Tūheitia’s 10th koroneihana celebrations, alongside the return of Rangiriri Pā to the Kingitanga, the news marked a significant ...
    GreensBy Marama Davidson
    4 days ago
  • A national day to commemorate NZ land wars
    It’s fantastic that the government has agreed to a hold a national day commemorating the New Zealand land wars. Announced at Kingi Tūheitia’s 10th koroneihana celebrations, alongside the return of Rangiriri Pā to the Kingitanga, the news marked a significant ...
    GreensBy Marama Davidson
    4 days ago
  • Government turns a blind eye to struggling sole parents
    Social Development Minister Anne Tolley’s claims that her Government’s work with sole parents is her biggest success are in tatters after a major increase in homelessness amongst that group, says Labour’s Social Development spokesperson Carmel Sepuloni. “Anne Tolley is seriously ...
    4 days ago
  • Time has come for state apology on abuse
    Labour is today calling on the Government to issue an apology for historic abuse in state institutions. Speaking after the launch of Elizabeth Stanley’s book “The Road to Hell; state violence against Children in Post-war New Zealand”, Labour’s Justice spokesperson ...
    4 days ago
  • It’s OK to have a few slaves, just not too many? Minimum wage loophole hasn’t gone away
    New Zealand still needs legislation to ensure adult New Zealanders are not exploited by being taken on as contractors for less than the equivalent of the minimum wage, says Labour list MP David Parker.  “My Minimum Wage (Contractor Remuneration) Amendment ...
    4 days ago
  • Lessons from the Future of Work Commission: Building Wealth from the Ground Up
    Good morning, and thank you for attending today’s Future of Work Seminar here in Wellington. I want to particularly acknowledge Beth Houston who has spent many hours pulling together the programme for today’s event, and to Olivier and the staff ...
    4 days ago
  • Cooking 4 Change at the Auckland City Mission
    On Tuesday evening I participated in the launch of the ‘Cooking 4 Change’ recipe book, which Metiria and I both contributed our favourite recipes to. Along with Dick Frizzell, Trelise Cooper, Tiki Taane, Erin Simpson, Jono & Ben, Colin Mathura-Jeffree, a couple ...
    GreensBy James Shaw
    5 days ago
  • Cooking 4 Change at the Auckland City Mission
    On Tuesday evening I participated in the launch of the ‘Cooking 4 Change’ recipe book, which Metiria and I both contributed our favourite recipes to. Along with Dick Frizzell, Trelise Cooper, Tiki Taane, Erin Simpson, Jono & Ben, Colin Mathura-Jeffree, a couple ...
    GreensBy James Shaw
    5 days ago
  • Backbencher Matt’s Bill is a Doocey
    The latest National Member’s Bill pulled from the ballot is yet another waste of Parliament’s time and shows the Government’s contempt for the House and the public with much more important issues needing debate, says Labour’s Shadow Leader of the ...
    5 days ago
  • Gun laws creaking under the strain
     Questions have to be asked  after surprising revelations at the Law and Order Select Committee about the police and their ability to manage the gun problem in New Zealand, says Labour’s Police spokesperson Stuart Nash.  “The lack of resources is ...
    5 days ago
  • Most homeless are working poor – Otago Uni
    The finding by Otago University researcher Dr Kate Amore that most homeless people are in work or study is one of the most shocking aspects of the housing crisis, says Labour’s Housing spokesperson Phil Twyford. “Social service agencies report many ...
    5 days ago
  • Māori seats entrenched by Tirikatene Bill
    National and the Māori Party need to support my member’s Bill which is designed to entrench the Māori electorate seats in Parliament, Labour’s Te Tai Tonga MP Rino Tirikatene says. “Under the Electoral Act the provisions establishing the general electorates ...
    5 days ago
  • Trade dumping bill could hurt NZ industries
    The Commerce Select Committee is currently hearing submissions on the Trade (Anti-dumping and Countervailing Duties) Amendment Bill. This bill worries me. I flagged some major concerns during its first reading.   I am now reading submissions from NZ Steel, ...
    GreensBy Mojo Mathers
    6 days ago
  • Just 8 per cent of work visas for skills shortages
    Just 16,000 – or 8 per cent – of the 209,000 work visas issued last year were for occupations for which there is an identified skills shortage, says Labour Immigration spokesperson Iain Lees-Galloway. “The overwhelming majority of the record number ...
    6 days ago
  • Hard won agreement shouldn’t be thrown away
    The Government should ignore talk across the Tasman about doing away with the labelling of GM free products, says Labour’s Health spokesperson Annette King. “Labelling of genetically modified products was a hard won agreement in 2001 by Australian and the ...
    6 days ago
  • National’s privatisation Trojan horse
     The National government is using the need to modernise the school system as a Trojan horse for privatisation and an end to free public education as we know it, Labour’s Education spokesperson Chris Hipkins says.  “There is no doubt that ...
    6 days ago
  • Shameless land-banking ads show need for crackdown
    The fact that more than 300 sections are shamelessly being advertised on Trade Me as land-banking opportunities during a housing crisis shows the need for a crackdown on property speculators, Leader of the Opposition Andrew Little says. “Of the 328 ...
    6 days ago
  • Standard and Poor’s warning of housing crisis impact on banks
    The National Government’s failure to address the housing crisis is leading to dire warnings from ratings agency Standard and Poor’s about the impact on the strength of the economy and New Zealand banks, says Labour’s Finance spokesperson Grant Robertson. “Standard ...
    6 days ago
  • Ihumatao needs action not sympathy
    The Petition of Save Our Unique Landscape (SOUL) calling on Parliament to revoke Special Housing Area 62 in order to protect the Ihumatao Peninsula and Stonefields, has fallen on deaf ears, says the Labour MP for Mangere Su’a William Sio.  ...
    6 days ago
  • Another delay to justice system reform for victims of sexual violence
    I believe most, if not all, New Zealanders would expect our court system to uphold the dignity of complainants, hold perpetrators to account for crimes including sexual and domestic violence and uphold the crucial right to a fair trial. Yet ...
    GreensBy Jan Logie
    6 days ago
  • Another delay to justice system reform for victims of sexual violence
    I believe most, if not all, New Zealanders would expect our court system to uphold the dignity of complainants, hold perpetrators to account for crimes including sexual and domestic violence and uphold the crucial right to a fair trial. Yet ...
    GreensBy Jan Logie
    6 days ago
  • Student visa fraud & exploitation must stop
    The Government must act immediately to end fraud and exploitation of international students that threatens to damage New Zealand’s reputation, Leader of the Opposition Andrew Little says. ...
    7 days ago
  • Government needs to show leadership in reviewing monetary policy
    The Reserve Bank’s struggles to meet its inflation target, the rising exchange rate and the continued housing crisis shows current monetary policy needs to be reviewed - with amendments to the policy targets agreement a bare minimum, says Labour’s Finance ...
    7 days ago
  • Local democracy under threat
    The National Government is in the process of gutting our local democracy through it’s Local Government Act 2002 Amendment Bill (No 2). We’ve been hearing submissions from councils, and a few community members, all around the country who are deeply ...
    GreensBy Jan Logie
    1 week ago
  • Local democracy under threat
    The National Government is in the process of gutting our local democracy through it’s Local Government Act 2002 Amendment Bill (No 2). We’ve been hearing submissions from councils, and a few community members, all around the country who are deeply ...
    GreensBy Jan Logie
    1 week ago
  • Slash and burn of special education support
    Slashing the support for school age children with special needs is no way to fund earlier intervention, Labour’s Education Spokesperson Chris Hipkins says.  “National’s latest plan to slash funding for children with special needs over the age of 7 in ...
    1 week ago
  • National’s Pasifika MPs must have free vote
      Pacific people will not take kindly to the Government whipping their Pacific MPs to vote in favour of a  Bill that will allow Sunday trading  at Easter, says Labour’s Pacific Island Affairs spokesperson Su’a William Sio.  “We are seeing ...
    1 week ago
  • Maritime Crimes Bill – balancing security and free speech
    Parliament is currently considering the Maritime Crimes Amendment Bill, which would bring New Zealand up to date with current international rules about maritime security. The debate around the Bill reflects two valid issues: legitimate counter-terrorism measures and the right to ...
    GreensBy Kennedy Graham
    2 weeks ago
  • Rio Olympics captioning – setting the record straight
    In the House on Thursday, my colleague, Labour Party spokesperson on Disability Issues, Poto Williams asked a great question. After which the Minister, Nicky Wagner, stood up and finally publicly acknowledged the National Foundation for the Deaf for funding the ...
    GreensBy Mojo Mathers
    2 weeks ago
  • Rio Olympics captioning – setting the record straight
    In the House on Thursday, my colleague, Labour Party spokesperson on Disability Issues, Poto Williams asked a great question. After which the Minister, Nicky Wagner, stood up and finally publicly acknowledged the National Foundation for the Deaf for funding the ...
    GreensBy Mojo Mathers
    2 weeks ago
  • Teachers’ low wages at the centre of shortages
      Figures that show teachers’ wages have grown the slowest of all occupations is at the heart of the current teacher shortage, says Labour’s Education Spokesperson Chris Hipkins.  In the latest Labour Cost Index, education professionals saw their wages grow ...
    2 weeks ago
  • Government’s Tax Law undermines common law principles
    A tax amendment being snuck in under the radar allows changes to tax issues to be driven through by the Government without Parliamentary scrutiny, says Labour’s Revenue spokesman Stuart Nash. “The amendment allows any part of the Tax Administration Act ...
    2 weeks ago
  • Government slippery about caption funding
      The Government has refused to apologise for taking the credit for funding Olympic Games captioning when the National Foundation for the Deaf  was responsible, says Labour’s spokesperson on Disability Issues Poto Williams.  “This shameful act of grandstanding by Ministers ...
    2 weeks ago
  • Default KiwiSaver investments should be reviewed
    The investments of the default KiwiSaver providers should be reviewed to make sure they are in line with New Zealanders’ values and expectations, says Labour’s Finance spokesperson Grant Robertson. “Most New Zealanders would be appalled that their KiwiSaver funds are ...
    2 weeks ago
  • New ministry should look after all children
    The Government has today shunned well founded pleas by experts not to call its new agency the Ministry for Vulnerable Children, Labour’s Spokesperson for Children Jacinda Ardern says.  “Well respected organisations and individuals such as Children's Commissioner Judge Andrew Becroft ...
    2 weeks ago
  • Triclosan – nasty chemical will be reassessed
    Last week my campaign for this chemical to be reassessed by the Environmental Protection Authority (EPA) took another step forward. After many months of waiting, the EPA have agreed that triclosan needs to be reassessed. Triclosan is an ingredient in many ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Triclosan – nasty chemical will be reassessed
    Last week my campaign for this chemical to be reassessed by the Environmental Protection Authority (EPA) took another step forward. After many months of waiting, the EPA have agreed that triclosan needs to be reassessed. Triclosan is an ingredient in many ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Ratification okay but we need action
    Today’s decision to ratify the Paris agreement on Climate Change by the end of the year is all well and good but where is the plan, says Labour’s Climate Change spokesperson Megan Woods.  “The Government’s failure to plan is planning ...
    2 weeks ago
  • Stats changes can’t hide unemployment reality
    Today’s minor drop in unemployment numbers is nothing to celebrate given the changes made to the official numbers that cut thousands of people looking for work out of the jobless rate, says Labour’s Employment spokesperson Grant Robertson. “Making any comparisons ...
    2 weeks ago

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