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Labour tax announcement coverage

Written By: - Date published: 2:25 pm, July 14th, 2011 - 139 comments
Categories: capital gains, election 2011, labour, privatisation - Tags:

Voters on both sides of the world will see Labour oppositions  in a completely new light after this week. Phil Goff and Ed Miliband both took on untouchable third-rail issues; capital gains tax in New Zealand and Rupert Murdoch’s pernicious monopoly media influence in England. Both leaders have turned the political landscape upside down and given voters a clear choice between the interests of the many and the interests of the few.

Labour’s launch of its tax policy was professional, thorough, and strong. Phil Goff, David Cunliffe and David Parker demonstrated a strong front-bench economic team. They  called themselves shadow Ministers instead of spokespersons, and totally looked the part. The policy was not just about capital gains for fairness between wage earners and capital earners, but also about paying off debt without selling assets, and building a platform for sustainable growth through developing our exports. Go here for all the details.

New Zealand is not for sale – game on for November!

Capital gains tax at 15%. Lower than top income tax rates to allow for inflation.

Home, collectibles, small business, and retirement schemes exempt. That final one is important- the right had been trying to scare-monger about kiwisaver.

It will raise enough revenue to cover the $5000 tax-free band and cover the debt impact of not selling assets.

The new top tax rate will kick in at $150,000 and 39%, only 2% of the population will pay anything at this level and it’s enough to take GST off fresh food and vegetables.

There’s no big new spending. This is not the ‘tax and spend’ National has claimed. It’s a shift in what is taxed, away from work and food to capital haus.

Labour’s debt track hugs National’s. That’s important. Labour can say it is being just as responsible on the deficit as the government.

Cunliffe explains capital gains:

139 comments on “Labour tax announcement coverage”

  1. Lanthanide 1

    * The top tax rate goes up to 39 per cent for those earning more than $150, 000

    http://www.stuff.co.nz/national/politics/5284832/Labours-tax-package-removes-GST-on-fruit-and-veges

    Threshold is quite a bit higher than I was expecting. Most people had tipped it at $120k. I think there’s room in there for a 36% rate at $120k.

    • queenstfarmer 1.1

      As far as tax increases go, this is quite sensible.

    • freedom 1.2

      I think a lot of people would settle for just the 39 at 150k being added. A 36 at 120k seems scrooge like. There are always problems with rearranging rate zones in income tax. Fewer rates will always be the more balanced approach. I also believe it harnesses less anti-tax sentiment.

    • rosy 1.3

      I reckon they need to implement a policy to prevent tax-bracket creep. If they’re aiming at the top 2% the top rate needs to have an adjustment that indexes it to that top 2%. Not having this last time lost Labour a lot of votes – and those voters will stay away if they think they’re going to get caught again in a few years time.

      • Lanthanide 1.3.1

        It is mentioned in the .doc file that the tax is “indexed”. I think this means it will automatically be inflation adjusted, which is funny because none of the other thresholds are.

        But it’s going to be quite a long time before many people move into the $150k territory.

        • rosy 1.3.1.1

          Excellent. Even though it seems a long way to reach $150K people with aspirations do have it in their sights, I think. The might also expect that they will be hitting higher incomes (probably not as high as they’d like) at the same time their costs go up – mortgages, children etc. The indexing needs to be told loud and clear.

  2. freedom 2

    the telling point is the presentation by the newspeper itself. The tax moves that are positive for the country and affect the greatest number of NZ people are stuck at the bottom in a hope no-one notices zone. Apart from that, what is there to complain about?

    if you earn $150k plus and can’t make do on close to $1800 a week in the hand, i would look at your priorities in life

    • vto 2.1

      freedom, what are you on about? Just because the cleaner, the gardener, the nanny, the annual mid-winter escape holiday, the euro wagon, the regular restuarants are not a priority for most doesn’t mean they are not a priority for others.

      • freedom 2.1.1

        too true, the gold wrapped butter portions for the master’s toast mustn’t be overlooked

      • Ianupnorth 2.1.2

        Come on, the cleaner, nanny, gardener are all tax deductable; the winter skiing holiday is part of the sponsorship of your kids to be in the school ski team (don’t laugh I know someone who has done this)
         

  3. Bunji 3

    Labour’s press pack: strictly embargoed until 3pm…
    @keithng on Twitter:

    Came late. Did not see the “Strictly Embargoed till 3” sheet in the press pack. #labour2011 #mybad #cgtsurprise

    Please forget I said that Labour is proposing a CGT. #labour2011

  4. Draco T Bastard 4

    http://www.ownourfuture.co.nz/

    Seems that Labour managed to stuff up a get a website up and running about these policies.

    • freedom 4.1

      Clear, conscise, factual. A pro asset sales video is going to be struggling to compete with that

  5. [Bunji: Website is up]

    All I can see is negatives, nothing about what’s supposed to be positive.

    So it’s the Not-Asset-Sales tax policy.

    Update: I’ve loaded a 4.5MB 2.1 page Word doc that tells me nothing new.

    • I’ve now downloaded loaded a 4.7MB Word Doc, error, has to recover the .DOT.
      Formatting and font variations look a bit wonkky, may be due to the .DOT problem.

      Why didn’t they PDF it?

      Otherwise pretty much as expected, quite a few exemptions, not comprehensive as is still claimed.

      We’ll see what happens from here, and what comes out of the fine print.

    • freedom 5.2

      so people being able to afford fruit and vegetables is a negative
      people being able to plan for a retirement is a negative.
      people being able to rely on the onging ability to generate power is a negative.
      people using their income to fund the purchase of a house in a few years after the hyperinflated prices begin to normalise is a negative?

      the only negative i see is the predictability of your lack of clearly stated criticisms

      (ps your name link is busted)

      • The website is all anti-asset sales which is negatives. I thought it would have been promoting the tax policy.

        It took me two large DOC downloads including an error to find out any detail.

        Then I could see some of what you’re talking about.
        Then I could see some positives, plenty of debatables, and complexities in CTG, GST and PAYE which I see as negative.

        • wtl 5.2.1.1

          Yes, you are right about the some parts of the website being substandard (i.e. the document downloads). But by any stretch, this has to be a huge improvement on Labour’s previous efforts at maintaining a website 🙂

          However, your framing of the ‘anti-asset sales’ pitch as being negative is childish and simplistic. Yes, it is negative in the sense that they are opposing a policy. But they are doing so in a positive manner, suggesting to Kiwis that we should ‘own our future’ and pay out debts by growing our economy to generate more income, not flicking of some assets for a quick boost that is detrimental in the long term. I don’t really see what you are trying to get at, about from trying to find something anti-Labour to say. You really are becoming more and more of a bore.

          • Secret Squirrel 5.2.1.1.1

            However, your framing of the ‘anti-asset sales’ pitch as being negative is childish and simplistic.

            ??

            A website is promoted. All you get is repeat dissing stuff you’ve been hearing for weeks, and unless you can be bothered with downloads (that should not be DOCS!) you don’t find out anything about the grand new policies.

            That’s not childish, it’s marketing 101.

            • felix 5.2.1.1.1.1

              All your comments in this thread are very negative.

              How about you set a good example instead of just repeat dissing.

              I agree about the docs though. WTF are you thinking, Labour?

            • wtl 5.2.1.1.1.2

              Right. So marketing 101 is all about classifying pitches as being positive or negative based on whether they are telling you to do or not do something*? Positive/negative isn’t determined by the overall tone of the pitch? And putting a simplistic black/white label on a pitch isn’t considered childish and pointless?

              Great marketing school you are going to there!

              Anyway, this whole argument is all a bit pointless. The fact that you are refusing to debate the policy itself is telling. It seems that you really aren’t interested in constructive debate, but just want to find something to whine about.

              * If you watch the video, you’ll note that this isn’t even true. Cunliffe argues against asset sales by proposing an constructive alternative.

              • No, marketing 101 is having the confidence to put the product you are trying to sell as prominently and as easy to see as possible.

                My initial impression was of a lack of basics in how it was presented, and frustration with it being difficult to access. Many people wouldn’t bother downloading – was that the intention?

                It will take time to have a decent look at it all to be able to debate the details.

                My feeling at this stage is that it could help Labour a bit, but I’d be surprised if it will be a game changer. We’ll have a better idea in a week or two.

  6. tsmithfield 6

    Judging by the very small income from CGT in the early stages, it looks like Labour’s promises will have to be front-end funded by considerable amounts of extra debt. THEN if the projections for income from CGT don’t work out, all we’ll have is the debt.

    • Blighty 6.1

      of course a cgt brings in little money in the first years. there have been little capital gains since v-day in the first years. that’s why it starts before the $5K tax-free bracket.

      you’ve got to think longer term than one or two years.

      • freedom 6.1.1

        you can’t say that to a capitalist, they have no comprehension of slow gain

    • lprent 6.2

      The alternative is to sell assets in the short term, thereby losing the revenue streams from them over the longer term and having to go into debt later rather than sooner.

      Ok – so your point is?

      There is no particular reason to think that a CGT will fail to engender revenue.

      • tsmithfield 6.2.1

        “There is no particular reason to think that a CGT will fail to engender revenue.”

        I seem to remember articles here about the world financial system being essentially fucked (which it is btw), and that future recessions are a certainty. Assets tend to lose value during recessions. So, it is quite likely that assets will decrease in value in the future and that projected capital gains won’t be realised.

        In contrast, if assets are sold now to raise revenue, there is an upfront cash gain that can be accurately budgeted for.

        • lprent 6.2.1.1

          I seem to remember articles here about the world financial system being essentially fucked

          A post from me? I don’t think so.

          …future recessions are a certainty.

          Yes they are. I have been in the midst of about 5 or six during my lifetime.

          … if assets are sold now to raise revenue

          Or the tax-cuts get reversed as being unaffordable as I have said many times. It looks like Labour are going to do that as well as CGT.

          …there is an upfront cash gain that can be accurately budgeted for.

          You notice that Bill English did not remove the dividend revenue stream from those assets from his future budgeting? Because of the nature of how the government extracts dividends those are also able to be accurately budgeted for.

          Don’t you want to know why? Because it leaves a really large hole in his future budgets. So selling the assets accurately causes a greater debt over the medium term.

          But I forget – you’re a rightie – the longer term is a meaningless concept for you. Why do I bother talking to mayflys with the attention span limited to the next sex scandal…

        • Draco T Bastard 6.2.1.2

          Assets tend to lose value during recessions.

          No they don’t. Especially major infrastructure ones such as power generation facilities. What happens is that they lose monetary value but their actual value, which is measured by what they supply to society, remains the same.

          In contrast, if assets are sold now to raise revenue, there is an upfront cash gain that can be accurately budgeted for.

          And so can the net loss from those sales which is what the left is doing and what the RWNJs are trying to deny exists.

  7. Pauline 7

    Oh dear! another epic fail in tax policy from labour.

    What they don;t tell you and what alot fail to understand is that the real rich don’t draw wages and therefore do not pay PAYE.

    So really, it looks good but does diddly-squat. Those that take the ‘hit’ will be uni educated professionals who have strived for years and racked up a big student loan that will be hit the hardest! Oh dear! More professionals shooting the gap to OZ.

    And as for CGT, I’ve worked out plenty of ways around paying that without talking to my accountant!

    Also, raising the top tax rate to 39% will just make people with money hide their income again….by putting their money into trusts, offshore accounts or their businesses…back to square one again.

    What a pathetic effort D- Phil…walk the plank now!

    • Blighty 7.1

      another vested interest who doesn’t want to pay her fair share of tax like the rest of us do.

      Pauline? More like parasite.

      • Pauline 7.1.1

        oh, but I do. the proposed new top tax rate does not affect me as I earn way below the threshold. That I own rental properties does not make me a tax avoider-unlike Clark & Goff et al….I have always rented my properties out for a profit and paid tax on the income I receive from them.

        I also pay plenty of business tax and I am an employer as well.

        But I am smart enough to see how these taxes can be avoided. you could drive a STOP the GST bus thru them! This is the trouble with labour, they aren’t very bright when it comes to the details of tax law. Having Silent “T” on the case aint helping obviously…but then, he’s richer than most people anyway, why do you lot have him as an MP? More hypocrisy! lol

        • Bunji 7.1.1.1

          Nice lines, from a fresh face who has suddenly popped up. Silent “T”, Phil G must go, imply Clark & Goff are tax avoiders… all the classics of a pro.

          So, hmm, yes, I believe you are a successful business owner who has time to reply repeatedly and at length on a Thursday afternoon.

          And also that you’re much brighter than the minds at the OECD, IMF etc who recommend a capital gains tax, or indeed all those people paying CGT in all the other OECD nations (other than Turkey). So you won’t pay any CGT that you rightly should. But you’re not keen to share these smarts obviously.

          In your world is Phil Goff hypocritical because he wants to raise the tax rate he’d pay? Wealthy successful people wanting to contribute to society are all hypocritical?

          Many many easily refutable arguments – most people jumping the gap to Oz are in fact earning below average wage – that’s where the really big gains are to be made in Wages (which is of course why people are leaving, not the fact that they want to pay 45% top rate tax over there). If only we had a govt that was interested in growing wages, rather than unemployment.

          Anyway, I have to work, so can’t stop… I’ll leave it to the others to go through the rest…

    • … raising the top tax rate to 39% will just make people with money hide their income again….by putting their money into trusts, offshore accounts or their businesses …
       
      And Rental properties and shares.  Oh wait, they will now have to pay tax when they sell them …
       

  8. Pauline 8

    as for the remove gst from fruit and veges palava….well, that favours those on higher incomes as they tend to spend more on such items..

    People on low incomes with obesity issues aren’t gonna magically start making better food choices because it’s cheaper! think about it! The price drop will soon be absorbed by the supermarkets and called seasonal inflation and you are back at square one again within 6 months!

    more ‘feel good’ rubbish from a party bereft of credible ideas…what a joke!

    • wtl 8.1

      I think what Cunliffe said in the video (re the CGT) is apt in your case:
      You’ll notice those who complain the loudest are typically those with the most to lose.

      • Pauline 8.1.1

        and yet…I stand to lose nothing by those policies….actually, I’ll pay less tax-

        and as for CGT, well, that’s easily avoided and most professional landlords, like myself will just not sell their properties but hold onto them. In fact, the canny investor will leverage off their equity in their houses and buy more which will not make 1st home ownership anywhere near affordable.

        what CGT will actually do is drive rent and house prices up as it has done in both Oz & the UK.

        it will do nothing to dampen the housing market-infact, it will have the opposite effect.

        You lot just like this policy because you feel that people like me should pay more, more, more…well, it aint gonna happen because you lot fail to actually understand the ramificatiions.

        • wtl 8.1.1.1

          Meh, a whole lot of ranting suggests that the CGT policy must have touched a nerve.

        • lprent 8.1.1.2

          ..what CGT will actually do is drive rent and house prices up as it has done in both Oz & the UK.

          I rather suspect that you have cause and effect totally confused. But based on yout comments today, you do appear to be quite a confused astroturfer.

          Umm IMHO that IP does tend to indicate that you are very unlikely to be anything more than a astroturfer.

    • davidc 8.2

      the fresh fruit and vege line is pure smoke…. a poor household would spend what $20? a week on fresh food .. spuds and some apples? everything else vege wise will be frozen. so what do they save.. $3? whoopdefuckendo.

      • Vicky32 8.2.1

        so what do they save.. $3? whoopdefuckendo.

        Lucky, lucky you to be in a position where $3.00 is just something to sneer about, unlike the people you’re claiming to know…

        • davidc 8.2.1.1

          What people I claim to know? who?

          So “poor” household saves $2.61/$20 and a “rich” household saves $9.14/$70.

          So why is Labour giving rich pricks like me a tax cut?

          Because its a retarded policy that is aimed at vote buying that is why.

          • bbfloyd 8.2.1.1.1

            davide…. you just head on down to your nearest foodbank and repeat what you just said.. make sure you’re warmed up and have a good pair of running shoes on first though.

            you’d probably make a more effective tool than a stress ball at relieving some of that burning anger most of those that need help to get food of any variety feel constantly..

    • McFlock 8.3

      “as for the remove gst from fruit and veges palava….well, that favours those on higher incomes as they tend to spend more on such items..”

      Lol – I don’t even support that policy (I think it’s tokenistic and doesn’t go far enough – just ditch GST completely), I still feel compelled to point out the idiocy of that statement. The reason people on higher incomes spend more on fruit and veges is because fruit and veges are currently too expensive for many people. Labour’s objective in ditching GST on said items is to ENABLE poorer folk to spend more on them. There are arguments around the validity of the policy, but your opening line is just desperate.

      • Pauline 8.3.1

        desperate? perhaps more a lack of comprehension from you I think. *rolls eyes*

        • bbfloyd 8.3.1.1

          pauline…now your just getting ugly.. your presence here is an irritant. you have nothing to add of any substance, yet prattle on like you mean it. someone should answer for lying to you about your intellectual capacities.

    • Vicky32 8.4

      People on low incomes with obesity issues aren’t gonna magically start making better food choices because it’s cheaper!

      And you know that how?

  9. TightyRighty 9

    really? this is labour’s tax trap that John Key supposedly walked into?

    Labour and it’s retinue of supporters expended all that energy walking round with chests puffed out and smiling smugly to themselves over this?

    in the immortal words of George Gregan, philosopher, politician, winner, “four more years”.

    • Blighty 9.1

      yeah, Labour is offering to put in a CGT, which every economic commentator supports, and cut income taxes for 98% of people. National is offering …. asset sales.

      • TightyRighty 9.1.1

        actually, if you earn income blighty you get a tax cut from labour. so your venn diagram needs some work. deliberately posing that 98% of people earn an income therefore get a tax cut is misleading and false. around 55% of people in new zealand earn an income, as defined by getting paid for work done. the rest are dependents. if they are welfare dependents, they are going to get an effective pay rise for sitting round doing fuck all. typical labour. pay those who sponge to sponge some more and penalise those who work to fund it. nice one Labour, the party of lazy shits and thieves.

        • davidc 9.1.1.1

          But 98% of “taxpayers” will get a $525 saving so that is $1.1 billion less tax paid, how many years till this policy is at least neutral?

          I thought this was Labours magical way to earn enough to avoid selling a few bits and pieces?

          • TightyRighty 9.1.1.1.1

            balancing the books is to labour what magnets are to insane clown posse

            http://www.guardian.co.uk/music/musicblog/2010/aug/18/insane-clown-posse

            We’ll start calling labour voters bluggalo’s

            Labour – where ignorance all on it’s own is a virtue

            • freedom 9.1.1.1.1.1

              tr, please do not comment on what you do not understand. ICP have a particular media face they present and if you knew anything about the how and the why of ICP you would know the writer of that article got caught in the trap as easily as you yourself did by referencing it. The endless creativity they are a part of and the ongoing force of nature they have become, is because of hard work and a loyalty to playing games with the ignorance of the established media.

              Their music is brutal, crass and mind numbingly violent. It is also dedicated to celebrating freedom and worships at the temples of human achievement. Also known as ART.

              • TightyRighty

                how do magnets work? fucking miracles freedom, that’s how apparently.

                ICP are free to make stupid statements that you interpret as ART, As i am free to point how fucking stupid they are.

                BTW, you don’t become an internet meme for getting it right do you dawg? juggalo’s. I shit em.

                edit: I love the irony of some idiot called freedom telling people what they can and can’t comment on according his/her view of a persons knowledge on a subject. such a classic lefty

                • freedom

                  TR you have a valid point with my original line, and telling people what not to do or what not to say is not something i normally do, so i will definitely be more careful how i phrase my statements. The rest of it i stand behind without reservation.

          • Ari 9.1.1.1.2

            1) That’s the revenue reduction on some of income tax. You need to consider the net effect when the other 2% are included, which I would imagine will probably be in the neighborhood of breaking even.
            2) The net changes between the GST exemption and the capital gains tax should probably increase revenue, too.

  10. policywonk 10

    39% envy tax?

    10% of households have an income of $150,000 or greater. And those 10% already fund 71% of net taxation. These would be the rich pricks that are not doing their fair share and must pay more according to Labour.

    pfffft

    • felix 10.1

      Show some evidence for this claim please, and then put your comment into a meaningful context by also stating what proportion of the wealth of the nation is controlled by that same 10%

      Nah, didn’t think so.

    • The problem with this analysis is that it talks about income tax and PAYE only and pretty well all of the superannuants are in the lower part of the income distribution.  So it makes it look like all of the poor are getting a free ride whereas the reality is not this good.
       

    • Puddleglum 10.3

      ‘envy tax’? A tax on envy it is not.

      I wish the right would stop coming up with these childish labels – ‘politics of envy’, ‘envy tax’. Grow up. This isn’t some expression of envy, it’s a judgment about how best to provide public and social services from the national income without hurting those who are least able to sustain the hurt.

      Also, what proportion of that 10% have a single income earner earning more than $150,000? 

  11. side show bob 11

    Cool next year I’ll make sure I don’t make more then $150,000. Hate to be a rich prick, it’s so uncool. Better to be poor, envious and more importantly socialist.

    • So it makes a difference that you earn 61c in the dollar rather than 67c on earnings over $150k?  You are obviously rich, greedy and more importantly stupid.

      • side show bob 11.1.1

        Stop making crap up Mickey, no one makes 61c in the dollar. You are sounding more and more desperate every day. What about the plethora of other taxes that you conveniently forget about. An example of why many around here earning over $150, 000 are paying more then (39%) of tax. 95% of the rates in our local town are paid by rural land owners, where’s you fairness now Mickey, why don’t you speak of some of the true figures of who pays what and how much they pay..How much tax would you really like Mickey, 100% would probably be your cup of tea.

        • mickysavage 11.1.1.1

          If you are a farmer sideshow then I am sure that you will be fine.  The CGT will not apply to your existing farm.  And you should pay rates.  Your use of the land and contributing to pollution and run off is causing all sorts of damage and expenses for the rest of us.

          • Secret Squirrel 11.1.1.1.1

            ??

            So if he sold his farm in 10 years it wouldn’t be subject to CGT?

            • mickysavage 11.1.1.1.1.1

              Not unless he buys it after the tax starts.  Didn’t you get the memo?

              • You obviously didn’t get past the canned talking points.

                Page 10:
                The CGT will be forwarding-looking and only apply to gains accrued after implementation. Past gains will not be affected.

                The transition will involve a ‘valuation day’, or ‘v-day’, whereby all capital gains prior to v-day are tax-free; those after v-day subject to tax.

                All I had to do was go to the website, realise there was no info there, work out what vulnerable document to download and search half way through it.

                Valuation day will be fun won’t it.

                • Lanthanide

                  That’s how it worked in Australia. Seems they managed it ok.

                  They’re probably going to have to use some proxy for it. No idea how it’ll work, government valuation on property is the obvious one but shares etc are harder to pin down. But I expect that we’re not going to have valuers scouring the country on v-day. Instead, when you sell the asset, they’ll simply work out the v-day value then through whatever method they determined was appropriate.

                  • Instead, when you sell the asset, they’ll simply work out the v-day value then through whatever method they determined was appropriate.

                    How do you suggest that’s possible ten years later? Twenty years later? No way is that practical.

                    • Lanthanide

                      If you have concerns, perhaps you should research what happened in Australia, because they have exactly the same concept.

    • policywonk 11.2

      Yup -God forbid we should be successful at what we set out to do!

      • Draco T Bastard 11.2.1

        What’s that? Rort the tax system so that you don’t pay your fair share?

        • higherstandard 11.2.1.1

          What’s a fair share DTB ?

          • Colonial Viper 11.2.1.1.1

            Pay according to your means

            • davidc 11.2.1.1.1.1

              so if I have 100 million of assets and no income I pay zero right?

            • higherstandard 11.2.1.1.1.2

              So if I’ve got a big salary and an even bigger mortgage do I get a low tax rate ?

              • Lanthanide

                If that mortgage was forced upon you by some outside evil monster, then sure.

                But if you willingly chose to enter that mortgage, then no.

                I thought those on the right were all about personal responsibility?

                • Ianupnorth

                  I find it reassuring when people as stopped in their tracks by common sense and fact!

  12. freedom 12

    “And those 10% already fund 71% of net taxation.”
    seriously you are going with that clanger, grow an independant thought bubble.

    ps. adding 1% to the oft quoted lie does not suddenly make it look more accurate
    you only make yourself look several factors more desperate

    all this chatter about $150K incomes has reminded me its time to go make more soup.

    • policywonk 12.1

      Why stop at 71%? Let’s screw those rich pricks over until they’re paying 100%!

      Yeah right. What a great Tui’s moment.

      • Colonial Viper 12.1.1

        The rich can pay more, they benefited the most, they should pay accoridng to their means.

        That’s fair.

        • U 4 United 12.1.1.1

          That’s not fair its blonde!

          I am curious to learn who will be on the “expert panel” other than the New York based creep.

    • davidc 12.2

      well according to this chart…

      http://www.kiwiblog.co.nz/2011/07/net_taxpayers.html#comment-852104

      its 9.7 % of taxpayers pay 70.7% of the net tax.

      But dont let some facts stop your ranting…

    • mik e 12.3

      Thats because wages have been kept down taxes have increased on middle and low income earners jobs have been exported to countries that subsidize keep their currency low and have no worker rights. but you can go to Australia where they already have CGT and a higher that tax cuts in at $140000 . Theirs democracy where people get to vote for whom they want and their policies .

  13. Rich 13

    Lower than top income tax rates to allow for inflation

    Sorry, but I don’t see this at all.

    If property price inflation *happens* to be just over twice general inflation, then for a 15% taxpayer this works. Any other set of 3 numbers, it probably doesn’t, for instance, in 2002 house prices increased by 20% in real terms.

    • mik e 13.1

      Why if i,m retailng I buy can of baked beans and sell them I pay gst + tax on profit but not if I buy shares investment property hold onto them for the required time and so on i get to avoid paying tax.

  14. felix 14

    How come the proper trolls aren’t here today?

    Why do we have to make do with these dregs?

    • Anne 14.1

      How come the proper trolls aren’t here today?

      They’re attending a hastily arranged top level (ie. run by Cameron Slater & co.) “response to Labour’s tax package” course. They will probably be available this evening or tomorrow morning.
      Just be patient.

    • I think they are urgently seeking instructions from CT who are UK based and are currently all asleep.

      I suspect Anne they are not sufficiently stupid to follow a Cameron line … 

      • Anne 14.2.1

        I was being kind to CT. Anyway, the course is finished (whoever ran it) and they’re moving in now!

  15. higherstandard 15

    Forgetting the tax increases at the top end, how does this iteration of a CGT, increase investment in productive and ‘economy increasing’ enterprises ?

    Honest question I am interested in peoples views.

    • davidc 15.1

      It dosent, this is just envy taxation and vote buying.

      • One does wonder how suddenly a far more complex CGT is supposed to be good for New Zealand.

      • mik e 15.1.2

        Ask Don Brash he,s proposed several times before,

      • mik e 15.1.3

        I bet you really envy those who are waiting in queues at the food bank while your quaffing down your glass of wine around the dinner table,those 20% of children brought up in poverty they envy your sins of gluttony and greed, NZ is no longer a classless society .Pity the the poor serfs they have to scratch out a living while those of us on higher incomes can look down their noses and the bonnets of their big cars and get a thrill out of the envy of the have nots ,

        • mik e 15.1.3.1

          Just don,t forget to tell the peasants that we are so rich we don,t have to pay any tax

    • Draco T Bastard 15.2

      The lack of tax on CG causes a shift from other investments that are taxed as they make a greater return. By taxing capital gains it “evens the playing field” so that CG no longer has an advantage over other investment types. This should, in theory, result in some movement away from property investment/speculation.

      • If there’s no exemptions.

      • burt 15.2.2

        Draco

        I would hate for you to miss this response to your question on another thread;

        See:

        Open mike 13/07/2011

      • mikesh 15.2.3

        I have a feeling people invest in property because they find it easier to understand, rather than because capital gains make it more profitable.

        • davidc 15.2.3.1

          they can touch it, work on it and borrow cheaply at the bank on it.

          Sweat equity has always been important for NZers and Labour seems to have forgotten that.

          • Colonial Viper 15.2.3.1.1

            Sweat equity has always been important for NZers and Labour seems to have forgotten that.

            labourers and unionised workers know more about sweat equity than anyone else

            They also know that they don’t get any sweat equity in the current system, just piss poor wages

            • davidc 15.2.3.1.1.1

              Well I have been a labourer but thankfully never a union slave.
              That is a concept well past its use by date.

              Soon as the students get up with the play and have some freedom the better too.

              • Colonial Viper

                freedom to be divided and ruled over is the freedom you are talking about

                Well I have been a labourer but thankfully never a union slave.

                Unions will be strong again mate, you fight for the richest 5% and we outnumber you 19 to 1.

  16. Craig Glen Eden 16

    All predictable (Im rich and Im so smart Labours dumb) from the usual great pretenders on the right. Nationals alternative is asset sales, making people redundant yeah thats a winner! So lets see wages are falling further behind Australia and more Kiwis now than ever are leaving to live in Aussie.

    Yeah National full of ideas ( the cycleway theres another winner) and really taking NZ forward ! The next 4 months will be interesting.

  17. wawot 17

    Curious – they propose removing tax from fruit and vegies to make them cheaper and adding tax to property to make it cheaper?

    Why not add tax to fruit and vegies to make them cheaper too?
    Or why not remove tax from property to make it cheaper?

    Or is the theory that if Labour either adds or removes taxes things get cheaper but if the others add or remove taxes on things they get more expensive?

    • mik e 17.1

      You don,t eat property do you every body else including some property investors already pay capital gains so why should you get a tax break when you are claiming interest against income as well when every body else has to pay tax your just the same as every body else.

    • Ari 17.2

      Adding a CGT to second-homes will make buying first homes cheaper, as the investors won’t inflate property prices as badly. I’m not sure why you’re trying to cast doubt that this will happen, it’s an incredibly likely and logical result from the rules proposed.

      Don’t be ridiculous about this, it’s the absense of the tax for people looking to buy their first property and the presence of it for investors that will make it cheaper for people looking to buy their own home. The difference from the GST situation is that GST isn’t designed to provide exemptions to lower- and middle-income workers, (although the exemption for fresh produce will probably reduce tax on healthier diets, and modify behaviour to a certain degree that way) so exempting those foods will likely stimulate the economy by allowing people who can’t buy enough food to get a little more bang for their buck.

  18. Asset sale proposal behind planned capital gains tax – Goff

    The catalyst for Labour’s support of a capital gains tax was the government’s proposal to sell shares in state-owned assets.

    Labour leader Phil Goff said at the launch of his party’s tax policy this afternoon that the proposal was a declaration of intent that effectively called on Labour to find the political courage to map out a better, more viable alternative.

    So it didn’t start as a “what’s the best way to deal with tax in New Zealand”.
    It started as a “what’s the best way to deal to National’s asset policy”.

    Good grief. But it fits with the promotional approach. And why the website is asset-centric.

  19. mikesh 19

    A significant contributor to share price increases, I would have thought, would be retained earnings. As these earnings will have already been taxed, I wonder if persons paying CGT on share sales will receive a quasi imputation credit for the tax already paid.

  20. Tangled up in blue 20

    debt paid off while keeping our assets?

    Are there any projection/figures backing this claim up?

    • Tangled up in blue 20.1

      Labour estimates its capital gains tax which excludes the family home will raise $78 million in the first year, rising to $2.27 billion after ten years and would raise $26 billion over its first 15 years.
      The new top rate – which Labour says would effect two per cent of salary and wage earners – would raise about $300 million a year.
      More than half the revenue raised from the new taxes would be used to fund Labour’s already announced policies to introduce a $5000 tax free threshold and to remove GST from fresh fruit and vegetables.

      Ok. So why is this being sold as an alternative to selling assets if it will increase debt and take many years before the CGT catches up to the tax cuts?

      • Ari 20.1.1

        It will increase deficit for a few years, but overall it will decrease debt. They could always implement a policy that decreases debt immediately, but that would be much harder on investors and businesses.

  21. alex 21

    I love the idea of a CGT in New Zealand, and commend Goff for adopting this Green policy, Goff is starting to show real leadership.

    Miliband, on the other hand, is a complete hoax. Don’t compare them please. British Labour has been sycophants of the rich since Blair. Goff has inherited the mantle of Clark, and is starting to grow into her enormous shoes.

  22. higherstandard 22

    eh what, $20 billion between years 10 & 15 ?

    • Blighty 22.1

      Hs. it’s $2.27b per year at ten years and $26b over 15 years in total.

      the revenue will be small in the first years because few people are selling anything that has made a large capital gain since cgt was introduced but, of course, it rise in the long term with economic growth, more stuff, inflation, and built up capital gains.

  23. wtl 23

    Thoughts on the video, anyone? I, for one, think it does a very good job in presenting an argument in a clear and concise manner, and manages to be inspirational about ‘owning our future’.

  24. RedLogix 24

    David Cunliffe’s video is superb. I’m really starting to like this guy.

    Well now I’ve seen the details, the tax package looks ok. … well still timid in my book… but just about anything would look good compared to the ethical and intellectual void that is National’s policy.

    As I’ve said often, a CGT really doesn’t concern me all that much. I never intended to sell my assets I have therefore it doesn’t affect me, and I think most long-term investors who are balanced towards yield rather than capital gain would agree. In that sense it works for me.

    Will it be enough to win an election? Well I think it will get them half-way there.

    The other big factor I’d like to see is for Labour and the Greens get out the message very clearly that they are capable of forming a united and stable govt. It’s my impression there has been a bit of good sea-change in the last few months between the parties and the dissapointments of the early 2000’s need to be well and truly buried. The one thing the NZ public will not vote for is a potential coalition that even sniffs of disunity.

    This is good stuff, progress at last and just in the nick of time.

    • Reality Bytes 24.1

      I think the Greens and Labor are quite natural coalition partners, although Greens are a bit more principles over politics, whereas Labor are more middle of the road/Nat-lite, the key point is they have worked together before.

      It’s a bit different to the Act/Maori – National dynamic… Act seem to be going out of their way to disrespect National policy – in order to get enough swing-voters over to their side, to get them over the 5% threshold incase Bankster fucks it up.

      I think such animosity and cat fighting, if anything, creates alienated NACT voters, who may potentially get fed up with all that and switch over to LabGreens. On the other hand, I honestly cannot believe that such behaviour could make LabGreen supporters consider switching over to NACT, in any significant numbers.

      i.e. Acts actions must be hemorrhaging NACT voters at the expense of the general NACT bloc to try and fight for the survival of the Act party.

      Maori party is another story, if they end up being the king-makers, who knows how things will pan out. My gut feeling is though that they will probably side with Labour inspite of their NACT history. The only reason they went with Nats in the first place was to stay relevant.

    • Colonial Viper 24.2

      Well now I’ve seen the details, the tax package looks ok. … well still timid in my book…

      More could have been done, yes, but this is just a start. The more support Labour sees, the more it will know that it has the backing to lead harder and further.

  25. tsmithfield 25

    Looks to me like Labour wants to solve the unemployment problem through inspiring the hiring of armies of tax collectors, accountants, and valuers. 🙂

    Just about everyone I have heard has been dissing Labour’s tax plan as half-hearted, complex, expensive to implement, easy to avoid, and based on dodgy assumptions.

    e.g. http://www.newstalkzb.co.nz/podcasts/audio/14183406.mp3 and http://www.newstalkzb.co.nz/podcasts/audio/14182436.mp3

  26. Sookie 26

    Good on you, Phil Goff. Tax the rich. The ones with a conscience won’t mind, and the ones that will mind are greedy pricks and are unlikely to vote Labour/Greens anyway. If they don’t like it, they can piss off to…oops, Aussie has CGT and 45% tax on high earners 🙂

    • U 4 United 26.1

      Define rich! It is certainly not in your ability with language.

      • Colonial Viper 26.1.1

        Rich are the 8% of ordinary NZ’ers who own investment properties, compared to the 92% who do not.

        Next please.

        • wawot 26.1.1.1

          The rich are the 17% of the households pay 97% of net income tax.

          What bastards – tax them more and give it to the 87% of households that pay 3% of the net income tax.

          • Colonial Viper 26.1.1.1.1

            The rich are the 17% of the households pay 97% of net income tax.

            That’s a blatant lie

            And even if it were true, it’d be because there was active wage suppression being practiced against the majority of workers.

            Next please.

  27. gnomic 27

    Bit late to the party here, but above someone says NZ is no longer a classless society. I fear that even in its most egalitarian phases there has never been a classless society in NZ. Far from it.

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    Oh dear. Extraordinary interview on PM with Andrew Bridgen and @EvanHD just now. Bridgen was defending Jacob Rees Mogg’s Grenfell comments. Evan asked him if JRM had meant to say he would have left ...
    1 week ago
  • Too Late To Change Capitalism’s Flightpath?
    Collision Course? In conditions of ideological white-out, the international bankers’ “Woop-Woop! Pull Up!” warning may have come too late to save global capitalism.WHAT DOES IT MEAN when international bankers are more willing to embrace radical solutions than our politicians and their electors? At both the International Monetary Fund and the ...
    1 week ago
  • Whooping cough vaccine works well despite its imperfections
    Pertussis (whooping cough) is a conundrum. It is a disease that was described hundreds of years ago and the bacteria that causes it (Bordetella pertussis) isolated in 1906. We have had vaccines for about 80 years but this disease is defiant in the face of human immunity. I wanted to ...
    SciBlogsBy Helen Petousis Harris
    2 weeks ago
  • Climate Change: Passed
    The Zero Carbon Bill has just passed its third reading, uanimously. In the end, National supported it - but we all know they'll turn around and gut it the moment they regain power. Meanwhile, I guess ACT's David Seymour didn't even bother to show up. I am on record as ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Retailing of vaping products – New NZ Research
    Dr Lindsay Robertson, Dr Jerram Bateman, Professor Janet Hoek Members of the public health community hold divergent views on how access to vaping products or electronic nicotine delivery systems (ENDS) products should be arranged. Some believe ENDS should be as widely available as smoked tobacco and argue for liberal ...
    SciBlogsBy Public Health Expert
    2 weeks ago
  • Justice for Bomber
    When the Police were trying to cover up for the National Party over Dirty Politics, they went all-in with their abuses of power. They illegally search Nicky Hager's house, violating his journalistic privilege and invading his privacy. They unlawfully acquired Hager's bank records. They did the same to left-wing blogger ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Britain’s climate tyranny was unlawful
    Last month, in response to a wave of protests by Extinction Rebellion, the British government purported to ban their protests from the whole of London. It was a significant interference with the freedoms of expression and assembly, and another sign of the country's decline into tyranny. But now, a court ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • More crime from the spies
    Last year, the Inspector-General of Intelligence and Security reported on significant problems with the intelligence warrant system. While they were unwilling to declare any warrant "irregular" (meaning unlawful) due to the recent law change, they were also not willing to give the system a clean bill of health. Now, they've ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Vaccination, compulsion, and paternalism for the lower orders
    The National Party has come out in support of encouraging greater vaccination uptake. But it sure isn’t the way I’d do it. National’s suggested docking the benefits of those on benefit whose kids aren’t keeping up with their vaccinations. Some in National have suggested extending that to payments under Working ...
    SciBlogsBy Eric Crampton
    2 weeks ago
  • Global Protests Rage On: But Slogans Are Not Plans.
    Feeding The Flames: It is simply not enough to demand an end to “corruption”, or “inequality”, or the overbearing influence of the authorities in Beijing. These are just “lowest common denominator” demands: the sort of slogans that pull people onto the streets. They are not a plan.WHERE’S THE PLAN? Across ...
    2 weeks ago
  • 11,000 employed under Labour
    The labour market statistics have been released, and unemployment has risen to 4.2%. There are 115,000 unemployed - 11,000 fewer than when Labour took office. In that time the minimum wage has gone up by $2 an hour, which shows that the right's fears about increases causing unemployment are simply ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Boycott this democratic fraud
    The Foreign Affairs, Defence and Trade Committee has called for submissions on Andrew Little's tyrannical Terrorism Suppression (Control Orders) Bill. Normally I encourage participation in the democratic process. I am not doing so in this case. Instead, I encourage all of you to boycott this submissions process, and to post ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Why Mars is cold despite an atmosphere of mostly carbon dioxide
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz If tiny concentrations of carbon dioxide can hold enough heat ...
    SciBlogsBy Guest Author
    2 weeks ago
  • Climate Change: Ban private jets
    Aviation is one of the fastest growing sources of greenhouse gas emissions, and within it, one of the fastest sources is elite travel: billionaires flitting around the world in their private jets, spewing excessive pollution into the atmosphere just so they can avoid mixing with us dirty peasants. But in ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Climate Change: Untold Suffering
    That's what we face if we don't stop climate change, according to a warning from 11,000 scientists:The world’s people face “untold suffering due to the climate crisis” unless there are major transformations to global society, according to a stark warning from more than 11,000 scientists. “We declare clearly and unequivocally ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • The left and violent misogyny
    by Phil Duncan Here’s just a few of the kind of threats issued day in and day out against gender-critical women – feminists, marxists, etc – overwhelmingly by MEN (albeit men identifying as women). “Kill all Terfs”. “Shoot a Terf today”. “All terfs deserve to be shot in the head”. ...
    RedlineBy Admin
    2 weeks ago
  • Imperialism and the iPhone
    This is the third of the synopses of parts of the opening chapter of John Smith’s Imperialism in the 21st Century (New York, Monthly Review Press, 2016). The synopsis and commentary below is written by Phil Duncan. Unlike the humble cup of coffee and t-shirt that we looked at in ...
    RedlineBy Admin
    2 weeks ago
  • The freshwater mussel housing crisis: eviction by invasive weeds?
    Tom Moore Traditionally a food source and cutting tool, freshwater mussels/kākahi are now widely valued as water filters that help clean our waterbodies and maintain ecosystem health throughout Aotearoa. The improvement they provide in water quality can make it easier for other animals to live in streams and rivers, as ...
    SciBlogsBy Guest Author
    2 weeks ago
  • Back it up Luxon: endorsing the destructive past is not actually the way forward
    And to think he gave all the potential goodwill away with that moronic, cult-like statement (repeated ad nauseam by many National hardliners) that Key is quite simply “the greatest PM we ever had”… Installation complete: this was nothing ...
    exhALANtBy exhalantblog
    2 weeks ago
  • Good riddance
    National MP and former Conservation Minister Maggie Barry will not seek re-election next year. Good riddance. Because in case anyone has forgotten, barry is a bullying thug who terrorised both public servants and fellow MPs. She is one of the people who makes Parliament a toxic workplace, and our country ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Climate Change: D-Day
    The Zero Carbon Bill is back in the House today for its second reading. While this isn't the final stage, its still effectively D-Day for the bill. Because today, at around 5pm, is when we're going to find out if it has a majority, whether National will support it or ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Winston is right
    Winston Peters is in court today, suing a bunch of former Minister and civil servants over their pre-election leak of his superannuation repayment. He's characterised the leak as malicious, and said that it is repugnant that his information was passed on to Ministers to use for political advantage. And he's ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Media impartiality
    Sky's economics editor, Ed Conway has posted a Twitter thread responding to a claim that - as far as I can see - Labour never made:
    Are NHS operation cancellations at an all-time high? That's the impression you might have been left with if you read this story from the ...
    2 weeks ago
  • Finish what’s on your plate
    Murray Cox Do I have to finish my favourite genome? That’s an often-asked question. Geneticists generally strive to produce high-quality genomes that sequence every last gene, making full use of the state-of-the-art technologies coming on stream. Sequencing DNA means determining the order of the four chemical building blocks – called ...
    SciBlogsBy Genomics Aotearoa
    2 weeks ago
  • Gainful Employment: A Cautionary Tale.
    Transformative Politics: The idea is to turn each recipient into an unwitting accomplice in their own transformation. From interested observer to hyped-up activist, sharing our messages promiscuously with ‘friends’. You’ll be part of an ever-expanding circulatory system, Jennifer, for the ideas that will win us the election.”JENNIFER SKITTERED her chair ...
    2 weeks ago

  • Week That Was: Supporting our schools
    We're setting our young people up for success, investing in education around the country.  ...
    2 hours ago
  • Kiwis to have their say on End of Life Choice
    Jenny Marcroft MP, Spokesperson for Health New Zealand First backs the public to decide on the End of Life Choice Bill via a referendum at the 2020 General Election. The Bill, with New Zealand First’s referendum provision incorporated, passed its final reading in Parliament this evening. New Zealand First Spokesperson for ...
    4 days ago
  • Addressing miscarriages of justice
    Darroch Ball, Spokesperson for Justice New Zealand First is proud that a key Coalition Agreement commitment which will provide for a more transparent and effective criminal justice system has been realised. Legislation to establish the Criminal Cases Review Commission, an independent body focused on identifying and responding to possible miscarriages of ...
    5 days ago
  • Week That Was: Historic action on climate change
    "Today we have made a choice that will leave a legacy... I hope that means that future generations will see that we, in New Zealand, were on the right side of history." - Jacinda Ardern, Third Reading of the Zero Carbon Bill ...
    1 week ago
  • Tax-free deployments for Kiwi troops
    Darroch Ball, New Zealand First List MP A Member’s bill has been proposed that would provide income tax exemptions for all New Zealand Defence Force (NZDF) personnel while on operational deployment overseas. The Income Tax (Exemption for Salary or Wages of NZDF Members on Active Deployment) Amendment Bill proposed by New Zealand First ...
    1 week ago
  • A balanced Zero Carbon Bill passed
    Rt Hon Winston Peters, New Zealand First Leader New Zealand First is proud to have brought common sense to the Climate Change Response (Zero Carbon) Amendment Bill, which passed its final reading in Parliament today. Party Leader Rt Hon Winston Peters says months of hard work went into negotiating a balanced ...
    2 weeks ago
  • Paramedics’ status to be recognised
    Jenny Marcroft MP, Spokesperson for Health New Zealand First has listened to calls to recognise paramedics as registered health professionals under the Health Practitioners’ Competence Assurance Act (the Act). Today, the Coalition Government announced plans for paramedics to be registered as health practitioners under the Act, and the establishment of a ...
    2 weeks ago
  • Week That Was: 2,000 teachers in two years
    We began the week by commemorating the New Zealand Wars and celebrating a major increase in the number of teachers. Then, we were busy supporting offenders into work and getting our rail back on track after years of underinvestment. And that's just the start! ...
    2 weeks ago
  • Winning an election one conversation at a time
    In October I was sworn in as the Mayor of Lower Hutt. It’s the privilege of my life to serve Hutt people as their Mayor. There is something really special to be able to serve the community where I was raised, and where I live.   ...
    2 weeks ago
  • Closer cooperation with Korean horse racing industry
    Rt Hon Winston Peters, Deputy Prime Minister, Minister for Racing Racing Minister Winston Peters met with Korea Racing Authority Chairperson Nak Soon Kim in Seoul today to discuss closer cooperation between the New Zealand and Korean horse racing industries. As part of the visit to the Seoul Racecourse, Mr Peters witnessed ...
    3 weeks ago
  • Otago to lead digital creativity
    Hon Shane Jones, Minister for Regional Economic Development The Provincial Growth Fund (PGF) is investing $10 million to establish Otago as the centre of New Zealand’s creative digital industry over the next ten years, Regional Development Minister Shane Jones announced today. “The initiative will bring us closer to the vision of ...
    3 weeks ago
  • Young Otago students encouraged to take on forestry careers
    Hon Shane Jones, Minister for Regional Economic Development The Provincial Growth Fund (PGF)’s skills and employment programme will help young Otago people into long-term forestry careers, Regional Economic Development Minister Shane Jones announced today. Te Ara Mahi will invest $63,000 in the 2020 school year to support eight 17 and 18 ...
    3 weeks ago
  • PGF backing Dunedin’s waterfront ambitions
    Hon Shane Jones, Minister for Regional Economic Development The Provincial Growth Fund (PGF) will support local plans to revitalise and stimulate economic development opportunities in Otago, Regional Economic Development Minister Shane Jones has announced. The four Regional Economic Development Ministers have approved an in-principle investment of $19.9 million towards the region’s ...
    3 weeks ago
  • M. Bovis eradication progress welcomed
    Mark Patterson, Spokesperson for Primary Industries New Zealand First is pleased to have received the Technical Advisory Group (TAG) report on the Coalition Government’s Mycoplasma bovis eradication efforts, which shows significant progress in the fight against the disease. New Zealand First Spokesperson for Primary Industries, Mark Patterson, says the report’s findings ...
    3 weeks ago
  • PGF boosts Otago’s engineering and manufacturing sector
    Hon Shane Jones, Minister for Regional Economic Development Hon David Parker, Minister for Trade and Export Growth The Provincial Growth Fund (PGF) is investing to support economic growth opportunities for Otago’s engineering and manufacturing sectors, Regional Development Minister Shane Jones and Trade and Export Minister David Parker announced today. Almost $20 million ...
    3 weeks ago
  • Minister Peters discusses Pacific challenges and denuclearisation in Seoul
    Rt Hon Winston Peters, Deputy Prime Minister, Minister of Foreign Affairs Foreign Minister Winston Peters and his South Korean counterpart, Kang Kyung-wha, discussed in Seoul today opportunities to work more closely in the Pacific and the situation on the Korean Peninsula. Mr Peters and Minister Kang confirmed New Zealand and the ...
    3 weeks ago
  • PGF supports high speed broadband for marae at Parihaka Pa
    Hon Shane Jones, Minister for Regional Economic Development  Hon Nanaia Mahuta, Minister for Māori Development The three marae in the historic Parihaka Pa complex in Taranaki have been upgraded to high speed broadband with the support of the Provincial Growth Fund (PGF), Regional Economic Development Minister Shane Jones announced today. “Connecting the ...
    3 weeks ago

  • Fairer rules for tenants and landlords
    The Government has delivered on its promise to the over one million New Zealanders who now rent to make it fairer and more secure, Associate Minister of Housing (Public Housing) Kris Faafoi has announced today. Both renters and landlords will benefit from the suite of practical changes to the Residential ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • Two decades of marine protection celebrated at Te Tapuwae o Rongokako in Tairawhiti
    A marine conservation milestone - the 20th anniversary of the establishment of Te Tapuwae o Rongokako Marine Reserve - is being celebrated today at a community event in Tairāwhiti/East Coast attended by the Minister of Conservation, Eugenie Sage. “The creation of this marine reserve in November 1999 was a game ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Food industry asked to step up fight against obesity
         The Government is asking the food industry to step up work to tackle obesity including reducing sugar, fat and salt in their products, better information for consumers, and tighter restrictions on advertising to children. Health Minister David Clark and Food Safety Minister Damien O’Connor have responded to a ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Modern emergency care for Queenstown area
    ew, modern emergency department and outpatient facilities at Queenstown’s Lakes District Hospital mean better emergency care for the growing tourist mecca’s visitors and locals, says Health Minister David Clark. Today Dr Clark officially opened the hospital’s redeveloped Emergency Department and Outpatient facilities. The new facilities include: •    An extended Emergency Department ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Contraception important for New Zealanders
    Associate Health Minister Julie Anne Genter says today’s release of sexual and reproductive health data reinforces the significance of the Government’s commitment to providing free or very low-cost contraception. The Ministry of Health today published statistics from the Ministry of Health’s 2014/15 Health Survey. “It is important people can make ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • NZ medical staff and measles vaccines going to Samoa
    Foreign Minister Winston Peters has announced that at the request of the Samoan Government, New Zealand will be providing further support to Samoa as it faces a worsening measles outbreak. “In response to a request from the people of Samoa, New Zealand is providing 3000 measles, mumps and rubella (MMR) ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Disability Action Plan 2019 – 2023
    “The new Disability Action Plan 2019–2023 moves us towards the inclusive and accessible New Zealand that this government has committed to,” Minister for Disability Issues Carmel Sepuloni announced today.  “The Action Plan was designed by disabled people, their family and supporters, the disability sector and government agencies. It will ensure ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Joint Statement – Third Singapore-New Zealand Defence Ministers’ Meeting
    Third Singapore-New Zealand Defence Ministers’ Meeting 14 November 2019 Joint Statement 1. Defence Ministers Ron Mark and Dr Ng Eng Hen today conducted their third annual Singapore-New Zealand Defence Ministers’ Meeting in Singapore. 2. Building on the Enhanced Partnership signed between both countries in May this year, this annual meeting ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Sexual Violence Legislation Bill has its first reading
    A Bill to improve the court system’s response to sexual violence has passed its first reading in Parliament today. Justice Minister Andrew Little says the Sexual Violence Legislation Bill will reduce the trauma sexual violence complainants experience in court, while maintaining defendants’ fundamental rights and making sure the trial process ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Streamlined business invoicing a step closer
    Streamlined payment practices are a step closer for Kiwi businesses with the formal launch of New Zealand’s e-Invoicing framework. Small Business Minister Stuart Nash says the government has now established the structure to enable automated and direct data exchange between the accounting systems of buyers and sellers. “The move to ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • More frontline biosecurity officers protecting NZ
    Another 51 quarantine officers and four new biosecurity detector dog teams will help protect New Zealand from invasive pests and diseases this summer, says Biosecurity Minister Damien O’Connor. “The Government is delivering on its commitment to strengthen New Zealand’s biosecurity system and support our valuable primary sector “New Zealand’s flora, fauna ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • NZ space economy worth $1.69 billion
    A new report has found New Zealand’s space sector contributed $1.69 billion to the economy in the last financial year and employs 12,000 people, Minister for Economic Development Phil Twyford announced today. The report by Deloitte was commissioned by the Ministry of Business, Innovation and Employment and shows New Zealand ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New Chair for Royal Commission into Abuse
    Judge Coral Shaw has been appointed as the new Chair of the Royal Commission into Historical Abuse in State Care and in the Care of Faith-based Institutions, Internal Affairs Minister Tracey Martin announced today. "Judge Shaw, who is currently one of the inquiry commissioners, is extremely well qualified for the ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Better mental health facilities for Palmerston North
    The Government has confirmed its third major mental health facility upgrade since the Budget, this time at Palmerston North Hospital. The Prime Minister and Health Minister today visited MidCentral DHB to announce that $30 million has been allocated to upgrade its acute mental health facility. It follows earlier announcements in ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Bowel Screening hits halfway point
    The roll out of the National Bowel Screening Programme has reached the halfway mark, with 10 out of 20 District Health Boards now part of the programme. MidCentral DHB, which covers Palmerston North, Manawatu and surrounding districts, this week became the latest to DHB to offer free bowel screening to ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • More vaccines for meningococcal disease
    The Government welcomes PHARMAC’s decision to fund a vaccine to protect young people from meningococcal disease from 1 December this year. “Meningococcal disease is a serious threat which people at higher risk should be protected from,” says Associate Health Minister Julie Anne Genter. “The combined pharmaceutical budget was increased by ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Fisheries innovation projects supported
    Groups involved with innovative fisheries research projects are encouraged to apply for government support in the latest funding round from the Sustainable Food and Fibre Futures programme. Fisheries Minister Stuart Nash says the SFF Futures funding is designed to be flexible enough to support small or large projects across a ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government fixes culturally arranged marriage visa issue
    The Government has fixed an issue affecting how Immigration New Zealand has processed visa applications for culturally arranged marriages, which will now see a consistent process applied which ensures people with legitimate arranged marriages can visit New Zealand while also preventing any rorting of the system. Earlier this year Immigration ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Extension for Royal Commission into Mosque attacks
    The Royal Commission into the Attacks on Christchurch Mosques will report back on 30 April 2020 to give it more time to hear submissions and consider information, Internal Affairs Minister Tracey Martin announced today. The Royal Commission was originally scheduled to report back to Government by 10 December 2019. “There has ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Terrorism and Trade on agenda as Foreign Minister visits the United States
    Foreign Minister Winston Peters will travel to Washington DC today to attend a ministerial meeting focused on defeating ISIS, and to continue pursuing New Zealand’s trade opportunities. Mr Peters will participate in a meeting of Foreign and Defence Ministers from key countries contributing to the Global Coalition to Defeat ISIS. ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Hoiho get extra support alongside 168 community conservation groups backing nature
    The recently crowned Bird of the Year, the hoiho/yellow eyed penguin, is getting a much needed helping hand alongside more than 168 other community conservation projects announced Minister for Conservation Eugenie Sage today. 168 community conservation projects throughout New Zealand are benefiting from $8 million in government grants, including $500,000 ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New safety measures for modified pistols
    Controls on assault rifles and semi-automatic firearms are to be broadened to include some types of pistols, under changes to a bill currently making its way through Parliament. Police Minister Stuart Nash has tabled a Supplementary Order Paper to the Arms Legislation Bill, which is currently before a Select Committee ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Minister of Defence to visit Singapore and Thailand
    Minister of Defence Ron Mark will travel to Singapore today to conduct a counterpart visit and to co-chair the third annual Singapore-New Zealand Defence Ministers’ Meeting with his counterpart, Minister for Defence Dr Ng Eng Hen. “Singapore is one of our most important defence partners in the region, and our ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Future secured for Salisbury School
    Nelson’s Salisbury School is to be rebuilt, creating a modern and suitable learning environment for students at the residential special school, Education Minister Chris Hipkins and Associate Education Minister Tracey Martin announced today. The school for girls aged 8-15, in Richmond, was earmarked for closure by National until the process ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Resource management reform options released
    The panel undertaking a comprehensive review of the Resource Management Act has identified the main issues to be addressed and options for reform and is calling for feedback to inform its final report.  In July the Government announced the comprehensive review of the resource management system, including the RMA - ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Criminal Cases Review Commission established
    An important safety valve has been added to New Zealand’s criminal justice system with the third reading of the Criminal Cases Review Commission Bill today. The Criminal Cases Review Commission (CCRC) will investigate claimed miscarriages of justice. “We’ve seen how our justice system can very occasionally get things spectacularly wrong, ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Racing Industry destined to be on-track
    Racing Minister Winston Peters welcomes the tabling of the Racing Industry Transition Agency (RITA) 2019 Annual Report in Parliament today. He says the 2019 Annual Report marks the point when New Zealand’s racing industry’s decline was arrested and a turnaround started. RITA’s 2019 Annual Report recorded an industry net profit ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New Zealand firefighter support to Queensland
    The New Zealand Government is today sending 21 firefighters to help fight the ongoing catastrophic Australian bushfires. “The fires in Australia are in some of the toughest, most challenging conditions ever,” says Internal Affairs Minister Tracey Martin.  “As of yesterday morning, there were 100 active bushfire-related incidents across Queensland and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Supporting all schools to succeed
      More frontline support for schools through a new education agency, as part of a redesigned Ministry of Education More support for principals and school boards including through a new centre of leadership and local leadership advisor roles New independent disputes panels for parents and students Management of school property ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Reform to support better outcomes for Māori learners and whānau
    The Government’s reform of the Tomorrow’s Schools system is a watershed moment in education and an opportunity to create meaningful change for ākonga Māori and their whānau, Associate Education Minister Kelvin Davis said today. “Last year through Kōrero Mātauranga | Education Conversation, Māori teachers, parents, ākonga, whānau, hapū and iwi ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Infrastructure pipeline growing
    Infrastructure Minister is welcoming the first of many updated project pipelines from the newly established New Zealand Infrastructure Commission today. The New Zealand Infrastructure Commission, Te Waihanga, has released an expanded pipeline of major capital projects – another crucial step towards delivering better infrastructure outcomes. “The first iteration of the ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Tighter firearms law to further improve safety
    Tougher gun laws designed to improve public safety through firearms prohibition orders are proposed in a new document released for public input. Police Minister Stuart Nash says firearms prohibition orders (FPOs) would give new powers to Police to ensure high-risk individuals come nowhere near firearms. “We have already prohibited the ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New TVNZ chair & directors confirmed
    Andy Coupe has been confirmed as TVNZ’s new Board Chair. “Mr Coupe has strong commercial and capital markets experience and TVNZ has benefited from his technical knowledge of business and finance, as well as his extensive governance experience,” the Minister of Broadcasting, Communications and Digital Media Kris Faafoi said.  Andy ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Hutt Road cycle path officially opened
    Associate Minister of Transport Julie Anne Genter today officially opened a separated pathway, following the completion of the Kaiwharawhara Stream bridge, which will improve safety for cyclists and pedestrians along Hutt Road.  The $6.8m Hutt Road project provides a separated path for cycling and pedestrians, the replacement of informal parking ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Announcement of new Ambassador to Russia
    Foreign Affairs Minister Winston Peters today announced the appointment of career diplomat Si’alei van Toor as New Zealand’s next Ambassador to Russia. “I’m pleased to appoint Ms van Toor to this position. She brings a wealth of experience to the role having previously served as Senior Trade Adviser to the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Half Year Economic and Fiscal Update
    The Treasury’s 2019 Half Year Economic and Fiscal Update (HYEFU) will be released on Wednesday December 11, Finance Minister Grant Robertson says. The Coalition Government will publish the 2020 Budget Policy Statement at the same time, outlining the priorities for Budget 2020. Further details on arrangements for the release will ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Giving a Boost to Kiwi small businesses
    A new initiative to better support small businesses through hands-on mentoring and advice has been launched by the Minister for Small Business. The first event in the Kiwi Business Boost series of regional workshops and online tools has been launched in Wairoa by Stuart Nash. “The Business Boost initiative combines ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Nearly three quarters of Rolleston connected to UFB
    The latest Quarterly Connectivity Report shows that more and more New Zealanders are moving to Ultra-fast Broadband (UFB), with Rolleston having the highest uptake at 74 per cent, as at the end of September. “This means that nearly three quarters of Rolleston’s households and businesses have moved to ultra-fast services. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Historic day for landmark climate change legislation in New Zealand
    The passing of the Climate Change Response (Zero Carbon) Amendment Bill will help ensure a safe planet for our kids and grandkids, the Minister for Climate Change James Shaw said today. The landmark legislation which provides a framework to support New Zealanders to prepare for, and adapt to, the effects ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Release of Oranga Tamariki Practice Review
    The review of Oranga Tamariki practice around the planned uplift of a Hastings baby in May shows significant failings by the Ministry and that the planned and funded changes to shift from a child crisis service to a proper care and protection service need to be accelerated, Children’s Minister Tracey ...
    BeehiveBy beehive.govt.nz
    2 weeks ago