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Polity: Company tax cut-and-slash-and-burn!

Written By: - Date published: 4:38 pm, August 4th, 2014 - 24 comments
Categories: act, Economy, tax - Tags: , ,

polity_square_for_lynnReposted from Polity.

So ACT – party of liberating the poor, don’t you know – has a new plan to liberate the poor by slashing taxes on company owners. Sure, company owners tend not to be poor themselves but, you know, trickle down.

Naturally, National-backer David Farrar is delighted. Could this be the softening up for a post-election “ACT only gets one thing, although it is quite large”?

But, surprise of surprises, the devil is in the detail and the numbers don’t stack up.

1. The numbers lie

The current company tax rate is 28%. As DPF points out, Treasury estimates each 1% cut in the rate costs the government around $220 million a year. So the total cost of this policy is in the region of ($220 million * (28-12.5)), which is $3.4 billion a year. That is a little over a third of the total company tax take, gone.1

So how will ACT fund this $3.4 billion hole? Here’s Andrew Vance:

He would fund the tax cut by slashing “corporate welfare,” worth about $1.5bn a year, and carbon trading, worth $164m.

Oops! $1.5 billion + $164 million doesn’t so much add to $3.4 billion.

2. The End of Corporate Welfare? Yeah, right.

We have all seen this movie before. “We are opposed to corporate welfare!” intones every politician, ever.

But then a company sidles up and says “Hey, nice scenery you’ve got here. We’d love to make a movie but your labour laws are too tight?” OK, OK, make an exception for them. But only them!

Then another says “You sure have a nice aluminium plant. Wonder what it would look like in mothballs? Profit margin just isn’t high enough.” Alright, just slip them a few bucks. Them, and no more!

“Who likes convention centres? You do? We’d build one, but only if these gambling laws over here kind of fall away.” You see the pattern.

Anyone who thinks ACT could hold National to “no corporate welfare” in exchange for a corporate tax cut is entirely dreaming. What you would have is less company tax coming in, and just about as much corporate welfare going out.

It’s all for the benefit of the poor, you see.

3. Attempted proof-by-academic-study-intimidation

Jamie Whyte is a former academic, so he waves academic studies around to try and silence his critics. But I am also a former academic, so I can spot this bullshit a mile off.

Whyte knows as well as I do that these are hugely contested areas of economics. I am sure the studies he cites saying “GDP growth will double!” or “almost all the money will go to wages!” actually exist. But he knows full well that there are other, just as reputable studies that find massively smaller impacts of company tax rates on GDP growth, and find massively smaller impact of company taxes on wage rates. As a self-styled pursuer of the unvarnished rational truth, Whyte must struggle with his reflection at times like these, when his financial backers force him into selective story-telling and obfuscation as a sans to line their pockets further.

  1. Yes, a more than 50% cut in the tax rate can result in a less than 50% cut in the tax taken, because companies can use the extra cash they have on hand to generate higher profits. Note well, however, that this particular magic trick is used at this point in the calculations, so can;t be used again alter…

24 comments on “Polity: Company tax cut-and-slash-and-burn!”

  1. minarch 1

    its classic “street” economics

    the bait & switch ….

  2. Wayne Mapp 2

    Quite a few sensible countries (other than Somalia) have relatively low corporate tax rates. So it is not quite the absurd proposition that Polity and Salmond seem to think it is.

    I suspect it might be the key point of discussion in any coalition discussion between the Nats and ACT. For instance a rate of 25% would be credible outcome. It has a cost of around $660 million. It would ensure our corporate tax rate is lower than that of Australia, which is always a key consideration for policy makers, whether they are left or right.

    There is a lot of research that indicates that lower corporate tax rates attracts more productive investment. So over time the lost revenue is made up by the increased economic activity.

    And given the two posts on The Standard, there must be a sense that this is a real debate.

    • Liberal Realist 2.1

      “Quite a few sensible countries (other than Somalia) have relatively low corporate tax rates.”

      As well as some dubious tax havens…

      “There is a lot of research that indicates that lower corporate tax rates attracts more productive investment. So over time the lost revenue is made up by the increased economic activity.”

      Ireland is a great example of what a lower corporate tax rate can attract. Do you suggest we become the international tax racket of the south?

    • One Anonymous Bloke 2.2

      Gosh, research! Does it explain why per capita GDP is always higher under Labour governments, with their higher corporate tax rates? Since you mentioned productivity.

    • RedBaronCV 2.3

      Wayne again! If he is here then it is unlikely to be:
      -a sensible idea
      -and assumes ACT will win Epsom

      What it does tell us is that this tax cut is actually Nact’s agenda but Nact want to hide behind and blame ACT. Spare me the negotiation idea Wayne – that’s just spin.

      Isn’t it time that Nact actually came out with some policy beyond a few million to reverse a tiny bit of previous savage cuts and money for provincial roads because regional councils sensibly declined to spend millions on roads used by a few large trucks.

      Where’s your policies NACT?

    • Lanthanide 2.4

      Our income tax rates are lower than Australia too (well, except for their tax-free bracket), and yet tons of kiwis have been moving over to Aus…

      Maybe tax isn’t that big a deal after all?

    • tricledrown 2.5

      Wayne Mapp your full of crap evidence please we have had this argument before and when you look at overall tax and cost of health-care housing for the poor social welfare benefits their are virtually no countries that have low taxes they are just hidden to make their economies look good!
      Wayne you should get your facts Right or don’t bother making an idiot of yourself.
      eg the US most states have lower personal income tax but by the time you add health-care costs, land taxes,tamp duties ,CGT ,state taxes most states in the US pay way more tax than we do Idiot !

    • tricledrown 2.6

      Crappy comparison geeze wayne Australia has higher personal taxes so we should increase personal taxes on upper incomes good idea Wayne doh!
      some states have CGT others have land taxes whats it going to be wayne half truths again you pain wayne can’t have both ways.

    • millsy 2.7

      How much services would you cut Wayne?

      In the 1990’s dozens of hospitals were closed around the country, the majority of them in provincial areas, and services cut/privatised to enable to government to cut taxes in 1996.

      You cannot cut taxes without cutting services (that serve the most vunerable in society).

      That is a FACT.

    • Draco T Bastard 2.8

      It would ensure our corporate tax rate is lower than that of Australia, which is always a key consideration for policy makers, whether they are left or right.

      More race to the bottom BS from the RWNJs.

    • Tracey 2.9

      25% won’t do Wayne. It must be 0%. I only say this because some right wing commentators here say that if a rise of $5 an hour on minimum wage is good, why not $100 an hour. So, to follow that |logic”, company tax must drop to 0%.

      I agree that such a drop will attract investment, my concern is about the promised returns. You have still been unable to answer my question from months back about when the median wage can be expected to grow, and by how much, following out entry into the TPP.

      Roger and Ruth promised trickle down. Admittedly they only promised a trickle, but it never really trickled, not sure it even dripped.

      Nice to see you using the Standard as a measure of things requiring “real debate”.

  3. Dialey 3

    Income redistribution: An inverse Robin Hood approach used by governments such as across the board tax decreases and capital gains reductions that essentially take money from the poor and give to those in need – the super rich

  4. Steve Wrathall 4

    Labour/Greens seem to endorse the notion that low company taxes encourage growth and jobs- for the winners they want to pick this week, e.g. wood processors, solar panel manufacturers. ACT is just saying, if you accept that principle, why not apply it to every business, and let you the consumer decide which businesses thrive or not.

    • mickysavage 4.1

      You mean the ones that damage the environment as well as those that protect the environment?

    • Armchair Critic 4.2

      You might be on to something with that last bit about ACT being unthinking reactionaries, SW. Applying the principle to other fields (not incest though, even though it’s a sure fire vote winner, right?), if the voters decide that ACT doesn’t thrive, do you think the financial backers of ACT should give up funding political parties?
      Or will ACT’s failure be due to human frailties. I mean how likely is it that a tiny 1%er party would attract a money fraudster (Huata), a stealer of dead baby’s identities (Garrett) and an electoral fraudster (Banks); that’s just bad luck. No way it could due to an outright bankrupt ideology that attracts the most corrupt, immoral and idiotic people that can be found, both as voters and representatives?

      • Lanthanide 4.2.1

        You forgot perk-“buster” Rodney Hide, who liked to take his girlfriend on expensive taxpayer-funded trips.

    • Draco T Bastard 4.3

      for the winners they want to pick this week, e.g. wood processors, solar panel manufacturers.

      In the most successful countries it’s the governments that have been picking winner. Computers and high tech in the US, similar in South Korea and, of course, China. Government seems to be far better at picking winners than private enterprise in fact. Has to do with the fact that they can spend decades supporting the necessary research whereas the private sector demands immediate returns.

      • tricledrown 4.3.1

        DTB command economies Draco China has trained economists to research the best path foward and has logterm plans which include buying up anything it needs to meet those goals .
        Meanwhile New Zealand has a real plonker the double dipping dipstick who had to work all the god given hours at university to pass his degree.
        who is in charge of doing fuck all planning just leave to the market she’ll be Right.
        If this carries on much longer we will be tenants in our own land because China has a long term plan its economic growth will continue to surpass ous making it cheaper every year to buy up our resources and make profits for China confining us to being a commodity producing country ie.third world developing country status

  5. infused 5

    Even I don’t know how this would work.

    Most small businesses try not to make a profit anyway.

    Getting rid of the provisional tax is a much better idea. I seem to remember that’s now happening?

    • Tracey 5.1

      I suspect the four aussie banks would be very excited to be able to take even more money out of the country. Infused, getting the company rate lower than personal tax rate would see, imo, a shift of small companies to maximising profit not minimising. In the case of small businesses this would amount to an income tax cut, a huge one.

    • Draco T Bastard 5.2

      Getting rid of the provisional tax is a much better idea. I seem to remember that’s now happening?

      With the coming of IRD’s new computer IIRC – and it’s about time.

  6. john 6

    Polity and most left wingers here seem ignorant of what happens with company tax.

    When I get paid dividends from companies I own shares in, or from my own company, the company tax is taken off, then EXTRA withholding tax is taken off to bring the total tax rate up to my personal rate.

    So for dividends it doesn’t make any difference at all whether company tax is the same as the personal rate, or set at zero – either way I have to make up the difference to bring it up to the personal rate, so the government take the same amount no matter what.

    And over 80% of profits from NZ companies are given out in dividends. So the only difference is to the much smaller portion of company profits that are reinvested.

    • Colonial Viper 6.1

      Overall your comments are spot on – but only as far as they go.

      And over 80% of profits from NZ companies

      “NZ companies” being a key phrase. As you know, there are a lot of ways that small business people maximise their business expenses/offset income in order to reduce taxable profits, and for large overseas corporates trying to minimise the amount of NZ tax they pay. The large banks have of course been caught running such schemes.

      Basically, SMEs have to be separated from large corporates as the latter have the resources to run complex tax minimisation schemes that the former usually do not.

  7. john 7

    I agree we need to do more to catch tax cheats – there was $132m in the last budget for IRD to hire more staff to catch tax cheats, which according to Key would specifically be aimed at the corporate sector and those with high net wealth.

    The point is that when company profits pass into personal hands (and the vast majority of them do), they are taxed at the personal rate minus what has already been paid.

    So company tax rate for the 80% of profits that get paid our is irrelevant – it makes no difference to govt tax take if it is 0% or 30%.

    What it does do is encourage MORE reinvestment back into growing businesses – which means more jobs, and overall HIGHER tax take from gst and paye.

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    by The Council of Disobedient Women In her excellent oral submission to the Abortion reform select committee on 31st October on behalf of Otago University’s Department of Public Health, historian and public health researcher Hera Cook stated: “We would ask that the committee not use the term ‘pregnant persons’ and ...
    RedlineBy Daphna
    1 week ago
  • “A Passage to India”: enduring art in changing times
    by Don Franks In 1957, E M Forster wrote, of his greatest work: “The India described in ‘A Passage to India’ no longer exists either politically or socially. Change had begun even at the time the book was published ( 1924) and during the following quarter of a century it ...
    RedlineBy Daphna
    1 week ago
  • Contemptuous
    The Referendums Framework Bill was due back from select committee today. But there's no report on it. Instead, the bill has been bounced back to the House under Standing order 29593) because the Committee didn't bother to produce one. They probably tried. But given the membership of the committee (which ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Zero Carbon: It’s not just a good idea, it’s the law
    Two years into New Zealand’s Labour-led government, the long-delayed Zero Carbon Bill became law on 7 November. Passed essentially unanimously, the lengthy public debates and political manoeuvring faded away until the final passage was even anticlimactic: Flipping through the @nzstuff @DomPost I was starting to wonder if I’d dreamt ...
    SciBlogsBy Robert McLachlan
    1 week ago
  • Climate Change: What happens next?
    Now the Zero Carbon Bill is law, what's next? Obviously, the ETS changes currently before select committee are going to be the next battleground. But we're also going to get a good idea of where we're going, and if the progress the Zero Carbon Act promises is good enough, during ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Climate change will fuel bush fires
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    SciBlogsBy Guest Author
    1 week ago
  • Participation rates
    A passing comment in a post the other day about the labour force participation rates of older people prompted me to pull down the fuller data and see what we could see about various participation rates over the decades since the HLFS began in 1986.   As it happens, the ...
    SciBlogsBy Michael Reddell
    1 week ago
  • Not So Much “OK Boomer” As “OK Ruling Class”.
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    1 week ago
  • Asking for it …
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    1 week ago
  • New Zealand’s Poor Pandemic Preparedness According to the Global Health Security Index
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    SciBlogsBy Public Health Expert
    1 week ago
  • Climate Change: Thank Winston
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    No Right TurnBy Idiot/Savant
    1 week ago
  • Illicit markets and Bali Booze
    The Herald reprints an Australian story on a couple of tragic deaths in Bali from drinking cocktails that had methanol in them.  The story argues that methanol is likely the result of home distillation. But what the young tourists were experiencing was far from a hangover. They’d consumed a toxic cocktail ...
    SciBlogsBy Eric Crampton
    1 week ago
  • This is not what armed police are for
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    No Right TurnBy Idiot/Savant
    1 week ago
  • Spain’s failed electoral gamble
    Spain went to the polls today in the second elections this year, after the Socialists (who had come to power in a confidence vote, then gone to the polls in April) rejected the offer of a coalition with the left-wing PoDemos, and instead decided to gamble n a better outcome ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • The astroturf party
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    No Right TurnBy Idiot/Savant
    1 week ago
  • How to cheat at university
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    SciBlogsBy Marcus Wilson
    1 week ago
  • How NZ was put on world maps using a transit of Mercury
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    SciBlogsBy Duncan Steel
    2 weeks ago
  • Georgina Beyer: We need to be able to talk without being offended
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    2 weeks ago
  • The anti-fluoride brigade won’t be erecting billboards about this study
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    2 weeks ago
  • Chosen To Rule? What Sort Of Christian Is Chris Luxon?
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    2 weeks ago
  • War of the worms
    I'm going to make a Reckless Prediction™ that the Tories have 'topped out' in the 'poll of polls' / Britain Elects multipoll tracker at about 38%, and in the next week we will start to see Labour creep up on them.In fact, we might just be seeing the start of ...
    2 weeks ago
  • Marvelly shows us how to be a feminist without feminism
    by The Council of Disobedient Women Lizzie Marvelly: “I may have missed this… has @afterellen gone all terf-y? Or am I reading something incorrectly? “ https://twitter.com/LizzieMarvelly/status/1191840059105742849 After Ellen is a lesbian website that is unashamedly pro-lesbian, as you’d expect. So why is Ms Marvelly so bothered about lesbians having their ...
    RedlineBy Daphna
    2 weeks ago
  • Out of the past – Tories to revive racist laws from the 16th century
    Did you know there once was a time when it was illegal to be a gypsy (aka Romani) in Britain?That was between 1530, when the Egyptians Act was passed, and 1856, when it was repealed.Amongst other things, the act forbade the entry of 'Egyptians' into England, ordered those already there ...
    2 weeks ago
  • 1000 of these now
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    SciBlogsBy Grant Jacobs
    2 weeks ago
  • Has Shane Jones Just Saved NZ First?
    Counter-Puncher: The “activists” and “radicals” (his own words) from the Indian community who took such strong exception to Shane Jones’ remarks about Immigration NZ’s treatment of arranged marriages, may end up bitterly regretting their intervention. Jones is not the sort of person who turns the other cheek to his critics.SHANE ...
    2 weeks ago
  • Climate Change: As predicted
    Yesterday, when National voted for the Zero Carbon Bill, I predicted they'd gut it the moment they regained power, just as they had done to the ETS. And indeed, they have explicitly promised to do exactly that within their first hundred days in office. What would their amendments do? Abandon ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Let this never be forgot
    In the spirit of Remember, remember the fifth of November, let's keep this in mind FOREVER.
    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 ...
    2 weeks ago

  • New high tech traps will reduce the need for 1080 poison
    New Zealand First are celebrating the announcement of an investment of $3.5 million into five new trapping devices. These are a range of bait and trap devices, all designed to be left unattended for long periods of time. NZ First conservation spokesperson Jenny Marcroft says that this latest development will ...
    5 hours ago
  • Cowboy clampers will be stymied
    Clayton Mitchell, Spokesperson for Consumer Affairs The ‘wheel clamping’ Bill that will cap clamper fees to $100 passed its third reading in Parliament today. New Zealand First welcomes The Land Transport (Wheel Clamping) Amendment Bill to combat predatory wheel clamping behaviour in what is currently a largely unregulated business. Cowboy clampers are: gouging ...
    1 day ago
  • Mental Health Commission back on track
    Jenny Marcroft, Spokesperson for Health New Zealand First welcomes the passage of the Mental Health and Wellbeing Commission Bill through its first reading in Parliament. “Today’s progress takes serious action on the mental health and addiction crisis the country is facing,” says New Zealand First Health Spokesperson Jenny Marcroft. “The re-establishment ...
    1 day ago
  • New Zealand’s key assets are not for sale: national interest test delivered
    Mark Patterson, Spokesperson for Primary Industries Today the Government announced the delivery of the promise to protect New Zealand interests by applying a new National Interest Test to the sales of our most sensitive and high risk assets to overseas buyers. This further strengthening of the Overseas Investment Act will ...
    2 days ago
  • National interest test added to protect New Zealanders’ interests
    The Coalition Government is delivering on its promise to protect New Zealanders’ interests by applying a new national interest test to the sales of our most sensitive and high-risk assets to overseas buyers. Under current Overseas Investment Act (OIA) rules, assets such as ports and airports, telecommunications infrastructure, electricity and ...
    2 days ago
  • Electoral law breach allegations
    Rt Winston Peters, Leader of New Zealand First Allegations raised this morning by Stuff Limited / Fairfax concern a party matter but I am confident that New Zealand First has operated within electoral laws, now and for the last 27 years. Declarable donations were declared to the Electoral Commission. Our ...
    2 days ago
  • Wayne Brown hits back at critics: Ports of Auckland has to move
    The chairman of the Upper North Island Supply Chain Strategy (UNISCS) working group, Wayne Brown, has hit back at critics of his group’s recommendations to relocate the Ports of Auckland cargo operations to Whangarei’s deepwater port of Northport. The working group's recommendation to close Auckland waterfront to all but cruise ...
    3 days ago
  • Week That Was: Supporting our schools
    We're setting our young people up for success, investing in education around the country.  ...
    3 days 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 ...
    1 week 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 ...
    1 week 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 ...
    2 weeks 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 ...
    2 weeks 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

  • Milestone of 1800 new Police officers
    The Coalition commitment to add 1800 new Police officers to frontline policing has been achieved with the graduation of 59 constables from the Royal New Zealand Police College today. Prime Minister Jacinda Ardern and Deputy Prime Minister Winston Peters say today’s graduation means 1825 new Police have been deployed all ...
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  • PM appoints business leaders to APEC Business Advisory Council
    Ensuring APEC work gets input from diverse New Zealand business and trade interests is behind three new appointments to the APEC Business Advisory Council (ABAC), Prime Minister Jacinda Ardern says. Rachel Taulelei, Malcolm Johns and Toni Moyes have been appointed to represent New Zealand on the Asia Pacific Economic Cooperation (APEC) ...
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    2 hours ago
  • PM speech notes for Trans-Tasman Business Circle
    Nau mai, haere mai. Tēnā koutou, tēnā koutou, tēnā tatou katoa. Thank you for having me to speak today. To start, I’d like to acknowledge Sharron Lloyd, the General Manager of the Trans–Tasman Business Circle, the partners for this event Westpac’s  David McLean, and Derek McCormack from  AUT, and, of course ...
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    3 hours ago
  • Otago Regional Council given deadline for freshwater management plan
    A four-month investigation by former Environment Court judge Professor Peter Skelton found that Otago’s freshwater planning system is not fit for purpose to manage the region’s rivers, lakes and aquifers and that the Council has inadequate rules for the taking of water and the discharge of nutrients.   “Existing planning provisions ...
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    5 hours ago
  • LGNZ Rural and Provincial Sector Speech
      Introduction Thank you for the invitation to speak to you today. This is the first opportunity I’ve had to speak to an LGNZ meeting since the local elections, and I’m delighted to see the fresh faces of newly elected mayors. To returning mayors here today, as well as chief ...
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    5 hours ago
  • New Zealand to attend G20 Foreign Ministers’ Meeting in Japan
    Foreign Affairs Minister Winston Peters departs New Zealand today to attend the G20 Foreign Ministers’ Meeting in Nagoya at the invitation of this year’s G20 President, Japan. “This is the first time New Zealand will attend a G20 Foreign Ministers’ Meeting and we are deeply honoured that it is at ...
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    7 hours ago
  • Ambassador to the European Union announced
    Foreign Affairs Minister Winston Peters today announced the appointment of diplomat Carl Reaich as New Zealand’s next Ambassador to the European Union. “The Ambassador to the EU is one of the most important and senior roles in New Zealand’s foreign service, advocating for New Zealand’s interests with the EU institutions,” Mr ...
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    7 hours ago
  • New inventions boost Predator Free 2050 effort
        Innovation and technology are behind five new tools to give nature a helping hand by helping eliminate predators, funded through the Provincial Growth Fund (PGF), Minister for Conservation Eugenie Sage and Parliamentary Under-Secretary for Regional Economic Development Fletcher Tabuteau announced today. “The new tools will be trialled in ...
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    8 hours ago
  • APEC 2021 Bill passes first reading
    Foreign Affairs Minister Winston Peters has welcomed the first reading of the Asia Pacific Economic Cooperation 2021 (APEC 2021) Bill in Parliament today. The temporary bill supports New Zealand’s security preparations for hosting the Asia Pacific Economic Cooperation (APEC) Forum in 2021. “APEC is the leading economic and trade forum ...
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    1 day ago
  • Making progress for our kids
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  • Māori women in business contribute to our economy, whānau and communities
    Minister for Women Julie Anne Genter has released a new report celebrating the contribution of Māori women in business across Aotearoa New Zealand. “Māori women are leaders in our communities, they employ many people and support our economy and our communities,” Julie Anne Genter said. The report, Ngā wāhine kaipakihi: ...
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    1 day ago
  • Two schools on the way for Omokoroa
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    1 day ago
  • Families Package helps over 1 million New Zealanders in first year
    1 million New Zealanders warmed by the Winter Energy Payment 36,000 families bank the Best Start Payment in first year 6,000 more families received the Family Tax Credit, 220,600 in total   They receive an increase too – from an average of $117 to $157 a week for Inland Revenue clients, ...
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  • Clamp down on wheel clamping passes third reading
    New rules to clamp down on overzealous wheel clamping and extortionate fees charged in order to release a vehicle have passed their final stage in Parliament today. The Land Transport (Wheel Clamping) Amendment Bill has now passed its third reading. “These changes mean $100 will be the maximum wheel clamping ...
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    2 days ago
  • Mental Health and Wellbeing Commission Bill passes first hurdle
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  • Boosting border security with electronic travel authority – now over 500,000 issued
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    2 days ago
  • Plan of action to protect seabirds
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    2 days ago
  • National interest test added to overseas investment rules
    The Government is delivering on its promise to protect New Zealanders’ interests by applying a new national interest test to the sales of our most sensitive and high risk assets to overseas buyers. Associate Finance Minister David Parker said under current Overseas Investment Act rules, assets such as ports and ...
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    2 days ago
  • New housing part of support for Kaumātua
    The Government is building special housing to accommodate one of Aotearoa’s greatest taonga- our kaumātua, says the Minister for Māori Development, Hon Nanaia Mahuta.  Speaking at a National Kaumātua Service Providers Conference in Rotorua today, the Minister reinforced the importance kaumātua play in maintaining and passing on mātauranga Māori, knowledge, ...
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  • Forestry helps prisoners into jobs
    Eleven men from a pilot forestry training programme for prisoners in Northland now have full time jobs or job offers upon release, Corrections Minister Kelvin Davis and Forestry Minister Shane Jones announced today. The ‘release to work’ programme was a collaboration between Te Uru Rākau and the Department of Corrections, ...
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  • Reform of public service a step closer
    Minister of State Services Chris Hipkins today introduced into Parliament a Bill that will make it easier for the public service to tackle the biggest challenges facing Governments. The Bill represents the most significant change in the public service in 30 years. The State Sector Act 1988 will be repealed ...
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    3 days ago
  • Donations scheme to relieve pressure on families
    The families of more than 416,000 students will be better off next year as their schools have signed up to the Government’s donations scheme, Education Minister Chris Hipkins said today. The scheme will see almost $62.5 million in additional Government funding go to schools nationwide next year. “I’m really pleased ...
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  • Further support for Samoan measles outbreak
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  • Speech to the Child Poverty Action Group 2019 Summit
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  • Speech to the New Zealand Thoroughbred Racing Annual Conference
    ***Please check against delivery*** Good morning everyone. It is a pleasure to be with you this morning to open this year’s New Zealand Thoroughbred Racing Conference and AGM. Firstly, thank you Dr Alan Jackson, NZTR Chair for your introduction. And let us acknowledge also: The NZTR Board; Dean McKenzie, Chair ...
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  • Fairer rules for tenants and landlords
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    4 days 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 ...
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  • Food industry asked to step up fight against obesity
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    5 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 ...
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    6 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 ...
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  • NZ medical staff and measles vaccines going to Samoa
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  • 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 ...
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    7 days ago
  • Joint Statement – Third Singapore-New Zealand Defence Ministers’ Meeting
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  • Sexual Violence Legislation Bill has its first reading
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  • 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 ...
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  • 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 ...
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    1 week 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 ...
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  • 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 ...
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  • Better mental health facilities for Palmerston North
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  • 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 ...
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