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.

Recent Comments

Recent Posts

  • Cost of living support for low-income homeowners
    Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners.  “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Government backing mussel spat project
    The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Government focused on getting people into work
    Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
    BeehiveBy beehive.govt.nz
    5 hours ago
  • Clean energy key driver to reducing emissions
    The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • Earthquake-prone buildings review brought forward
    The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • Thailand and NZ to agree to Strategic Partnership
    Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Government consults on extending coastal permits for ports
    RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Inflation coming down, but more work to do
    Today’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • School attendance restored as a priority in health advice
    Refreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Unnecessary bureaucracy cut in oceans sector
    Oceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Patterson promoting NZ’s wool sector at International Congress
    Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector.    "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Removing red tape to help early learners thrive
    The Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • RMA changes to cut coal mining consent red tape
    Changes to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • McClay reaffirms strong NZ-China trade relationship
    Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Prime Minister Luxon acknowledges legacy of Singapore Prime Minister Lee
    Prime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong.   Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • PMs Luxon and Lee deepen Singapore-NZ ties
    Prime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong.  During today’s meeting, Prime Minister Luxon ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Antarctica New Zealand Board appointments
    Foreign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner.  The Minister has appointed Neville Harris as a new member of the Board. Mr ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Finance Minister travels to Washington DC
    Finance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom.  “I am looking forward to meeting with our Five Finance partners on how we can work ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Pet bonds a win/win for renters and landlords
    The coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Long Tunnel for SH1 Wellington being considered
    State Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand condemns Iranian strikes
    Prime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel.    “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says.    "We are deeply concerned that miscalculation on any side could ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Huge interest in Government’s infrastructure plans
    Hundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Health Minister thanks outgoing Health New Zealand Chair
    Health Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board.   “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti.  “I have asked her to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Roads of National Significance planning underway
    The NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says.  “Boosting economic growth and productivity is a key part of the Government’s plan to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Navigating an unstable global environment
    New Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says.   “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States.    “We cannot afford to sit back in splendid ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • NZ welcomes Australian Governor-General
    Prime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pseudoephedrine back on shelves for Winter
    Associate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • NZ and the US: an ever closer partnership
    New Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says.    “The strategic environment that New Zealand and the United States face is considerably more ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Joint US and NZ declaration
    April 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • NZ and US to undertake further practical Pacific cooperation
    Foreign Minister Winston Peters has announced further New Zealand cooperation with the United States in the Pacific Islands region through $16.4 million in funding for initiatives in digital connectivity and oceans and fisheries research.   “New Zealand can achieve more in the Pacific if we work together more urgently and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government redress for Te Korowai o Wainuiārua
    The Government is continuing the bipartisan effort to restore its relationship with iwi as the Te Korowai o Wainuiārua Claims Settlement Bill passed its first reading in Parliament today, says Treaty Negotiations Minister Paul Goldsmith. “Historical grievances of Te Korowai o Wainuiārua relate to 19th century warfare, land purchased or taken ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Focus on outstanding minerals permit applications
    New Zealand Petroleum and Minerals is working to resolve almost 150 outstanding minerals permit applications by the end of the financial year, enabling valuable mining activity and signalling to the sector that New Zealand is open for business, Resources Minister Shane Jones says.  “While there are no set timeframes for ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Applications open for NZ-Ireland Research Call
    The New Zealand and Irish governments have today announced that applications for the 2024 New Zealand-Ireland Joint Research Call on Agriculture and Climate Change are now open. This is the third research call in the three-year Joint Research Initiative pilot launched in 2022 by the Ministry for Primary Industries and Ireland’s ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tenancy rules changes to improve rental market
    The coalition Government has today announced changes to the Residential Tenancies Act to encourage landlords back to the rental property market, says Housing Minister Chris Bishop. “The previous Government waged a war on landlords. Many landlords told us this caused them to exit the rental market altogether. It caused worse ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Boosting NZ’s trade and agricultural relationship with China
    Trade and Agriculture Minister Todd McClay will visit China next week, to strengthen relationships, support Kiwi exporters and promote New Zealand businesses on the world stage. “China is one of New Zealand’s most significant trade and economic relationships and remains an important destination for New Zealand’s products, accounting for nearly 22 per cent of our good and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Freshwater farm plan systems to be improved
    The coalition Government intends to improve freshwater farm plans so that they are more cost-effective and practical for farmers, Associate Environment Minister Andrew Hoggard and Agriculture Minister Todd McClay have announced. “A fit-for-purpose freshwater farm plan system will enable farmers and growers to find the right solutions for their farm ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Fast Track Projects advisory group named
    The coalition Government has today announced the expert advisory group who will provide independent recommendations to Ministers on projects to be included in the Fast Track Approvals Bill, say RMA Reform Minister Chris Bishop and Regional Development Minister Shane Jones. “Our Fast Track Approval process will make it easier and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pacific and Gaza focus of UN talks
    Foreign Minister Winston Peters says his official talks with the United Nations Secretary-General Antonio Guterres in New York today focused on a shared commitment to partnering with the Pacific Islands region and a common concern about the humanitarian catastrophe in Gaza.    “Small states in the Pacific rely on collective ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government honours Taranaki Maunga deal
    The Government is honouring commitments made to Taranaki iwi with the Te Pire Whakatupua mō Te Kāhui Tupua/Taranaki Maunga Collective Redress Bill passing its first reading Parliament today, Treaty Negotiations Minister Paul Goldsmith says. “This Bill addresses the commitment the Crown made to the eight iwi of Taranaki to negotiate ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Enhanced partnership to reduce agricultural emissions
    The Government and four further companies are together committing an additional $18 million towards AgriZeroNZ to boost New Zealand’s efforts to reduce agricultural emissions. Agriculture Minister Todd McClay says the strength of the New Zealand economy relies on us getting effective and affordable emission reduction solutions for New Zealand. “The ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-04-18T03:27:07+00:00