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

  • Wairarapa Moana seeks international recognition as vital wetland
    The Minister of Conservation Eugenie Sage is celebrating World Environment Day with an announcement of a major step towards Wairarapa Moana being recognised as an internationally significant wetland. “Wairarapa Moana is an ecosystem of 10,000 hectares of wetland and open water that provides a home for indigenous fish, birds and ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • First Police wing to complete training post lockdown
    A new-look Police graduation ceremony to take account of COVID19 health rules has marked the completion of training for 57 new constables. Police Minister Stuart Nash attended this afternoon's ceremony, where officers of Recruit Wing 337 were formally sworn in at the Royal New Zealand Police College without the normal support of ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • Government makes further inroads on predatory lenders
    Mobile traders and truck shops must adhere to responsible lending requirements Interest rate cap on high-cost loans Lenders prohibited from offering further credit to an applicant who has taken two high-cost loans in the past 90 days The Minister of Commerce and Consumer Affairs, Kris Faafoi, has signalled an end ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • New survey shows wage subsidy a “lifeline” for businesses, saved jobs
    94% of firms say wage subsidy had positive impact on cashflow 62% of firms say support helped to manage non-wage costs like rent A survey of business that have received the Government’s wage subsidy show it has played a significant role in saving jobs, and freed up cash flow to ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Tax changes support economic recovery
    New legislation introduced to Parliament today will support growth and assist businesses on the road to economic recovery, said Revenue Minister Stuart Nash. “The Taxation (Annual Rates for 2020-21, Feasibility Expenditure, and Remedial Matters) Bill proposes that businesses can get tax deductions for ‘feasibility expenditure’ on new investments,” said Mr ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • $4.6 million financial relief for professional sports
    Sport and Recreation Minister Grant Robertson has welcomed the first release of funds from the $265 million Sport Recovery Package announced as part of Budget 2020. Sport NZ has announced that $4.6 million in funding will go to the Wellington Phoenix, NZ Warriors, Super Rugby teams and the ANZ Premiership ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Critical support for strategic tourism assets
    An iconic New Zealand tourism attraction and the country’s 31 Regional Tourism Organisations are the first recipients of support from the $400 million Tourism Sector Recovery Plan, to help position the sector for recovery from COVID-19, Tourism Minister Kelvin Davis announced today. The plan includes a Strategic Tourism Assets Protection ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Supporting Kiwi businesses to resolve commercial rent disputes
    The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. A temporary amendment to the Property Law Act will insert a clause in commercial leases requiring a fair ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Prompt payments to SMEs even more urgent
    The Minister for Small Business says new data from Xero highlights the urgency of prompt payment practices to small and medium enterprises as we move into economic recovery. Last month Government ministers wrote to significant private enterprises and the banking industry to request they join efforts by government agencies to ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Free period products in schools to combat poverty
    Young people in Waikato will be the first to have free access to period products in schools in another step to support children and young people in poverty,” Prime Minister Jacinda Ardern said.  During term 3, the Ministry of Education will begin providing free period products to schools following the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Response to charges in New Plymouth
    The Minister of Police Stuart Nash has issued the following statement in response to charges filed against three Police officers this morning in the New Plymouth District Court. “Any incident involving a loss of life in Police custody is taken very seriously. The charges today reflect the gravity of the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt boosts innovation, R&D for economic rebuild
    $196 million for Crown Research Institutes $150 million for R&D loan scheme $33 million for Māori research and development opportunities $12 million for the Nationally Significant Collections and Databases $10 million to help maintain in-house capability at Callaghan Innovation New Zealand’s entrepreneurs, innovators and crown researchers will benefit from a ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Temporary changes to NCEA and University Entrance this year
    Further temporary changes to NCEA and University Entrance (UE) will support senior secondary school students whose teaching and learning have been disrupted by COVID-19. “The wellbeing of students and teachers is a priority. As we are all aware, COVID-19 has created massive disruption to the school system, and the Government ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Extended terms for the directors of the Racing Industry Transition Agency
    Minister for Racing Winston Peters today announced that the terms for the directors of the Racing Industry Transition Agency (RITA) have been extended to 30 June 2021. Due to the COVID-19 crisis the transition period has been extended to ensure that the Racing Industry Bill can complete its progress through ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Healthy Homes Standards statement of compliance deadline extended
    The deadline for landlords to include detailed information in their tenancy agreements about how their property meets the Healthy Homes Standards, so tenants can see the home they are renting is compliant, has been extended from 1 July 2020 to 1 December 2020.  The Healthy Homes Standards became law on 1 July 2019. The Standards are ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Criminal Cases Review Commission board appointments announced
    Justice Minister Andrew Little today announced details of further appointments to the Criminal Cases Review Commission. “I am pleased to announce Paula Rose QSO OStJ as Deputy Chief Commissioner for a term of five years commencing on 15 June 2020,” said Andrew Little. “I am also pleased to announce the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Release of initial list of supported training to aid COVID-19 recovery
    The Targeted Training and Apprenticeships Fund (TTAF) will pay costs of learners of all ages to undertake vocational education and training The fund will target support for areas of study and training that will give learners better employment prospects as New Zealand recovers from COVID-19 Apprentices working in all industries ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Emission trading reforms another step to meeting climate targets
    The Emissions Trading Scheme (ETS) will finally start to cut New Zealand’s greenhouse gas pollution as it was originally intended to, because of changes announced today by the Minister for Climate Change, James Shaw. The changes include a limit on the total emissions allowed within the ETS, rules to ensure ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Queen’s Birthday Honours highlights Pacific leadership capability in Aotearoa
    Minister for Pacific Peoples Aupito William Sio says the Queen’s Birthday 2020 Honours List provides an abundance of examples that Pacific people’s leadership capability is unquestionable in Aotearoa. “The work and the individuals we acknowledge this year highlights the kind of visionary examples and dedicated community leadership that we need ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Govt backing horticulture to succeed
    The Government is backing a new $27 million project aimed at boosting sustainable horticulture production and New Zealand’s COVID-19 recovery efforts, says Agriculture Minister Damien O’Connor. “Our horticulture sector has long been one of New Zealand’s export star performers, contributing around $6 billion a year to our economy. During and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Applications open for forestry scholarships
    Applications have opened for 2021 Ngā Karahipi Uru Rākau – Forestry Scholarships, which will support more Māori and women to pursue careers in forestry science, says Forestry Minister Shane Jones. “I’m delighted Te Uru Rākau is offering Ngā Karahipi Uru Rākau – Forestry Scholarships for the third year running. These ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Excellent service to nature recognised
    The Queen’s Birthday 2020 Honours List once again highlights the dedication by many to looking after our native plants and wildlife, including incredible work to restore the populations of critically endangered birds says Minister of Conservation Eugenie Sage. Anne Richardson of Hororata has been made an Officer of the New ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Wetlands and waterways gain from 1BT funding
    The Government will invest $10 million from the One Billion Trees Fund for large-scale planting to provide jobs in communities and improve the environment, Agriculture Minister Damien O’Connor and Forestry Minister Shane Jones have announced. New, more flexible funding criteria for applications will help up to 10 catchment groups plant ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New fund for women now open
    Organisations that support women are invited to apply to a new $1,000,000 fund as part of the Government’s COVID-19 response. “We know women, and organisations that support women, have been affected by COVID-19. This new money will ensure funding for groups that support women and women’s rights,” said Minister for ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Govt supports King Country farmers to lift freshwater quality
    Healthier waterways are front and centre in a new project involving more than 300 King Country sheep, beef and dairy farmers. The Government is investing $844,000 in King Country River Care, a group that helps farmers to lift freshwater quality and farming practice, Agriculture Minister Damien O’Connor announced today. “Yesterday ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Libraries to help with jobs and community recovery
    A major funding package for libraries will allow them to play a far greater role in supporting their communities and people seeking jobs as part of the economic recovery from COVID-19. “Budget 2020 contains over $60 million of funding to protect library services and to protect jobs,” says Internal Affairs ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Support for arts and music sector recovery
    A jobseekers programme for the creative sector and four new funds have been set up by the Government to help our arts and music industry recover from the blow of COVID-19. Thousands of jobs will be supported through today’s $175 million package in a crucial economic boost to support the ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Legislative changes to support the wellbeing of veterans and their families
    Minister for Veterans Ron Mark has welcomed the First Reading of a Bill that will make legislative changes to further improve the veterans’ support system.  The Veterans’ Support Amendment Bill No 2, which will amend the Veterans’ Support Act 2014, passed First Reading today. The bill addresses a number of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Christ Church Cathedral – Order in Council
    Views sought on Order in Council to help fast track the reinstatement of the Christ Church Cathedral  The Associate Minister for Greater Christchurch Regeneration, Hon Poto Williams, will be seeking public written comment, following Cabinet approving the drafting of an Order in Council aimed at fast-tracking the reinstatement of the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealanders’ human rights better protected in new Bill
    The law setting out New Zealanders’ basic civil and human rights is today one step towards being strengthened following the first reading of a Bill that requires Parliament to take action if a court says a statute undermines those rights. At present, a senior court can issue a ‘declaration of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Deep concern at Hong Kong national security legislation
    Foreign Affairs Minister Winston Peters today reiterated the deep concern of the New Zealand Government following confirmation by China’s National People’s Congress of national security legislation relating to Hong Kong. “New Zealand shares the international community’s significant and long-standing stake in Hong Kong’s prosperity and stability,” Mr Peters said. “New Zealand ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government invests in New Zealand’s cultural recovery
    Thousands of artists and creatives at hundreds of cultural and heritage organisations have been given much-needed support to recover from the impact of COVID-19, Prime Minister and Minister for Arts, Culture and Heritage Jacinda Ardern announced today. “The cultural sector was amongst the worst hit by the global pandemic,” Jacinda ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Better protection for New Zealand assets during COVID-19 crisis
    Key New Zealand assets will be better protected from being sold to overseas owners in a way contrary to the national interest, with the passage of the Overseas Investment (Urgent Measures) Bill. The Bill, which passed its third reading in Parliament today, also cuts unnecessary red tape to help attract ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Cleaning up our rivers and lakes
    Setting higher health standards at swimming spots Requiring urban waterways to be cleaned up and new protections for urban streams Putting controls on higher-risk farm practices such as winter grazing and feed lots Setting stricter controls on nitrogen pollution and new bottom lines on other measures of waterway health Ensuring ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Record year for diversity on Govt boards
    The Government is on the verge of reaching its target of state sector boards and committees made up of at least 50 percent women, says Minister for Women Julie Anne Genter and Minister for Ethnic Communities Jenny Salesa. For the first time, the Government stocktake measures the number of Māori, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New appointments to the Commerce Commission
    The Commerce and Consumer Affairs Minister and Broadcasting, Communications and Digital Media Minister, Kris Faafoi, has today announced the appointment of Tristan Gilbertson as the new Telecommunications Commissioner and member of the Commerce Commission. “Mr Gilbertson has considerable experience in the telecommunications industry and a strong reputation amongst his peers,” ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Historic pay equity settlement imminent for teacher aides
    The Ministry of Education and NZEI Te Riu Roa have agreed to settle the pay equity claim for teacher aides, Education Minister Chris Hipkins announced today. This will see more than 22,000 teacher aides, mostly women, being valued and paid fairly for the work they do. “Teacher aides are frontline ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt delivers security for construction subcontractors
    Subcontractors will have greater certainty, more cashflow support and job security with new changes to retention payments under the Construction Contracts Act says Minister for Building and Construction, Jenny Salesa. A recent review of the retentions money regime showed that most of the building and construction sector is complying with ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand and Singapore reaffirm ties
    Prime Minister Jacinda Ardern and Singapore Prime Minister Lee Hsien Loong have marked the first anniversary of the New Zealand-Singapore Enhanced Partnership with a virtual Leaders’ Meeting today. The Enhanced Partnership, signed on 17 May 2019, provides the framework for cooperation across the four main areas of trade, defence and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • JOINT STATEMENT BY THE PRIME MINISTERS OF NEW ZEALAND AND THE REPUBLIC OF SINGAPORE ON THE FIRST AN...
    On 17 May 2019, New Zealand and Singapore established an Enhanced Partnership to elevate our relations. The Enhanced Partnership – based on the four pillars of trade and economics, security and defence, science, technology and innovation, and people-to-people links – has seen the long-standing relationship between our countries strengthen over the ...
    BeehiveBy beehive.govt.nz
    1 week ago