Posts Tagged ‘tax’

The 50 cent tax cut

Written By: - Date published: 9:33 am, March 26th, 2008 - 16 comments

This morning on Breakfast, John Key repeated his line that capping the size of the core public service (that includes planning staff for health, prison guards, and the human rights commission) at current levels would ‘save $500 million over three years that could be used for more ‘frontline’ staff and tax-cuts’. Leaving aside that it’s not […]

It’s your fault I keep saying contradictory things

Written By: - Date published: 9:30 am, March 25th, 2008 - 9 comments

Regular readers will remember that one of John Key’s excuses for he ‘we would love to see wages drop‘ quote was that the reporter had misquoted him. Now, Key has once again shown a disturbing trait of attributing his own mistakes to others. When asked about the possibility of moving National’s tax cut programme forward […]

Counting our collective coin

Written By: - Date published: 1:44 pm, March 18th, 2008 - 9 comments

Check out this groovy little gadget. You put your money in the slot and it gets counted, with the power of ‘digital’! Maybe we could all chip in and get one for the IRD. Seriously though, quite a cock-up on the IRD’s behalf, using the wrong figures so tax revenue was undercounted by $600 million […]

Tax cuts = no rise in the minimum wage?

Written By: - Date published: 3:04 pm, March 13th, 2008 - 26 comments

From the ABC site: “A peak business group says the Federal Government’s promised tax cuts should be taken into account when deciding on an increase to the minimum wage. The Chamber of Commerce and Industry is proposing a rise of $10 to $11 – in line with last year’s increase. The ACTU is lobbying for […]

Dolla Dolla Bill, Y’all

Written By: - Date published: 5:17 pm, March 11th, 2008 - 14 comments

Days after saying ‘we’ve always said, we aren’t that worried about, um, whether the Crown needs to borrow a bit of money [for a] programme of tax cuts’ Bill English has accused Michael Cullen of ‘um, ah, borrowing for tax cuts’. What English’s researchers have discovered is that the amount of Government Bonds on issue […]

Protecting New Zealand’s assets

Written By: - Date published: 11:10 am, March 4th, 2008 - 90 comments

The government has made a series of moves to prevent strategic New Zealand assets being exploited by foreign companies. Last week tax law was changed to prevent the Canadian Pension Fund avoiding tax in its bid for Auckland Airport. Yesterday, the government changed the Overseas Investment Act to give Ministers veto power when strategic land […]

What’s the future of Working for Families?

Written By: - Date published: 10:18 am, February 28th, 2008 - 13 comments

One consquence of the expectations around tax cuts is an examination of some of the policies already have in place – Working for Families for example. This was the topic of a recent article from Ruth Laugesen in the Sunday Star Times. “Coopers chairman John Shewan said that under Working for Families, many households effectively […]

John Key’s plan to cut your pay

Written By: - Date published: 10:46 am, February 20th, 2008 - 144 comments

“We would love to see wages drop”. You would think that given the simmering debate about our wage gap with Australia at the moment that would be the last thing you’d expect to hear from the leader of the National Party. Especially when he’d gone on record in the national media just a week ago […]

Is inequality closing down our concern for others?

Written By: - Date published: 4:31 pm, February 13th, 2008 - 1 comment

Jenny Russel of the Guardian writes, “As the middle classes feel the pain of comparison with the super-rich, we lose all enthusiasm for the common good”. The rise of the super-rich, and their capacity to outbid others in the competition for houses, schools, space and possessions, has produced a new definition of success. It is […]

Positions on tax cuts: a summary

Written By: - Date published: 3:53 pm, February 13th, 2008 - 33 comments

Both the Labour-led government and National have promised income tax cuts to follow the government’s family and business tax cuts. Neither has given any details except there will be multi-year programmes of cuts. The point of difference is that Labour has four conditions that their cuts will satisfy while National rejects those conditions. So in summary, their positons are […]

Swan to build surplus as economic stabiliser

Written By: - Date published: 3:44 pm, February 12th, 2008 - 2 comments

Australian Treasurer Wayne Swan has announced that he intends to lift the target for the budget surplus, so that fiscal policy can help ease upward pressure on interest rates. He will proceed with tax cuts announced in the election campaign, but according to The Australian newspaper his comments signal that there is unlikely to be […]

Key conjures up cuts

Written By: - Date published: 11:53 am, February 12th, 2008 - 10 comments

John Key tells us that he would cut ‘wasteful government spending’ to pay for upper-bracket tax cuts bigger than Labour’s cuts. But do the facts match the rhetoric? Remember National’s wastewatch website? It listed $900 million in ‘waste’ since 1999 only 0.2% of government spending, which won’t pay for many tax cuts. And most of […]

Rich call for tax cuts for rich

Written By: - Date published: 10:18 am, February 11th, 2008 - 94 comments

Four associations representing wealthy New Zealanders are saying tax cuts should be in the form of making the top tax rate 30 cents in the dollar. Wouldn’t that mean that their wealthy members get huge tax cuts while the 85% of us earning less than $60,000 will get none or very little? Why, what a […]

Cullen puts tax cuts in context

Written By: - Date published: 2:38 pm, February 7th, 2008 - 53 comments

In a speech today to the Auckland Chamber of Commerce Cullen has further differentiated the role of tax cuts under National and Labour. What was interesting about Cullen’s speech is that it wasn’t really a speech about tax cuts. It was a speech about (much broader) economic sustainability. Essentially it pitted National’s vaporware ‘tax cuts’ […]

Tax cuts and the wage gap

Written By: - Date published: 10:15 am, February 5th, 2008 - 64 comments

News that 28,000 New Zealanders left for Australia last year has Business NZ, the Chamber of Commerce and the National Party predictably calling for tax cuts as the solution to New Zealand’s wage gap with Australia. Of course, they know very well that tax cuts are not the answer. Workers in Australia currently earn 30% […]

Possible $1.5b in tax cuts in 2008

Written By: - Date published: 2:55 pm, December 18th, 2007 - 43 comments

From Stuff: Cullen said “uncertainties” still existed, but Treasury had “significantly” lifted its revenue forecasts which meant the $1.5b in tax cuts in addition to more spending could be factored in to the budget. “This figure is very soft as no decisions have been taken on the timing, size, shape or scope of our personal […]

Entitleme.com – tax comparisons

Written By: - Date published: 1:49 pm, December 17th, 2007 - 6 comments

From the site: “The only two universal truths. Death and Taxes. Entitleme is an effort to deduce an individuals effective tax rate. The difficulty in calculating an effective tax rate stems from defining what is or is not a tax. My current thinking is, “if you don’t pay it you go to jail” it is […]

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    BeehiveBy beehive.govt.nz
    2 weeks ago
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    BeehiveBy beehive.govt.nz
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  • Speech to the 68th United Nations Commission on the Status of Women (CSW68)
    Tēnā koutou katoa and greetings to you all.  Chair, I am honoured to address the 68th session of the Commission on the Status of Women. I acknowledge the many crises impacting the rights of women and girls. Heightened global tensions, war, climate related and humanitarian disasters, and price inflation all ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government backs rural led catchment projects
    The coalition Government is supporting farmers to enhance land management practices by investing $3.3 million in locally led catchment groups, Agriculture Minister Todd McClay announced. “Farmers and growers deliver significant prosperity for New Zealand and it’s vital their ongoing efforts to improve land management practices and water quality are supported,” ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Speech to Auckland Business Chamber
    Good evening everyone and thank you for that lovely introduction.   Thank you also to the Honourable Simon Bridges for the invitation to address your members. Since being sworn in, this coalition Government has hit the ground running with our 100-day plan, delivering the changes that New Zealanders expect of us. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Commission’s advice on ETS settings tabled
    Recommendations from the Climate Change Commission for New Zealand on the Emissions Trading Scheme (ETS) auction and unit limit settings for the next five years have been tabled in Parliament, Climate Change Minister Simon Watts says. “The Commission provides advice on the ETS annually. This is the third time the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government lowering building costs
    The coalition Government is beginning its fight to lower building costs and reduce red tape by exempting minor building work from paying the building levy, says Building and Construction Minister Chris Penk. “Currently, any building project worth $20,444 including GST or more is subject to the building levy which is ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Trustee tax change welcomed
    Proposed changes to tax legislation to prevent the over-taxation of low-earning trusts are welcome, Finance Minister Nicola Willis says. The changes have been recommended by Parliament’s Finance and Expenditure Committee following consideration of submissions on the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill. “One of the ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Minister’s Ramadan message
    Assalaamu alaikum. السَّلَام عليكم In light of the holy month of Ramadan, I want to extend my warmest wishes to our Muslim community in New Zealand. Ramadan is a time for spiritual reflection, renewed devotion, perseverance, generosity, and forgiveness.  It’s a time to strengthen our bonds and appreciate the diversity ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Minister appoints new NZTA Chair
    Former Transport Minister and CEO of the Auckland Business Chamber Hon Simon Bridges has been appointed as the new Board Chair of the New Zealand Transport Agency (NZTA) for a three-year term, Transport Minister Simeon Brown announced today. “Simon brings extensive experience and knowledge in transport policy and governance to the role. He will ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Speech to Life Sciences Summit
    Good morning all, it is a pleasure to be here as Minister of Science, Innovation and Technology.  It is fantastic to see how connected and collaborative the life science and biotechnology industry is here in New Zealand. I would like to thank BioTechNZ and NZTech for the invitation to address ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Progress continues apace on water storage
    Regional Development Minister Shane Jones says he is looking forward to the day when three key water projects in Northland are up and running, unlocking the full potential of land in the region. Mr Jones attended a community event at the site of the Otawere reservoir near Kerikeri on Friday. ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Government agrees to restore interest deductions
    Associate Finance Minister David Seymour has today announced that the Government has agreed to restore deductibility for mortgage interest on residential investment properties. “Help is on the way for landlords and renters alike. The Government’s restoration of interest deductibility will ease pressure on rents and simplify the tax code,” says ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Minister to attend World Anti-Doping Agency Symposium
    Sport and Recreation Minister Chris Bishop will travel to Switzerland today to attend an Executive Committee meeting and Symposium of the World Anti-Doping Agency (WADA). Mr Bishop will then travel on to London where he will attend a series of meetings in his capacity as Infrastructure Minister. “New Zealanders believe ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Pacific Language Weeks celebrate regional unity
    This year’s Pacific Language Weeks celebrate regional unity and the contribution of Pacific communities to New Zealand culture, says Minister for Pacific Peoples Dr Shane Reti.  Dr Reti announced dates for the 2024 Pacific Language Weeks during a visit to the Pasifika festival in Auckland today and says there’s so ...
    BeehiveBy beehive.govt.nz
    3 weeks ago

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