Who wins and who loses from tax reforms

Written By: - Date published: 9:33 am, January 22nd, 2010 - 70 comments
Categories: tax - Tags:

You’re probably up to your ears in this tax reform issue by now, but just one more. It’s a good ‘un, promise. I’ve made a pretty graphic of who would lose and who would gain, and how, from the tax working groups’ proposals:

The huge tax breaks for the few people on very large incomes are paid for by the middle class and poor.

Distribution of income source.
Factors: TWG proposals all adopted. ie. 38% and 33% income tax rates replaced by 30% rate kicking in at $48,000. GST increased to 15%. Benefits and superannuation increased by 2.2% to cover GST increase. Proposed land and property tax changes adopted – cost split between lower returns and higher rents as per Treasury modelling by Arthur Grimes (or Grimey as he liked to be called). People spend 66% of gross income on products subject to GST – based on Stats average household income and spending figures (will be lower for higher incomes, so net tax cuts actually larger than given)

70 comments on “Who wins and who loses from tax reforms ”

  • Comments are now closed

  1. gitmo 1
    22 January 2010 at 9:49 am

    Where’s the third graph on percentage of tax take paid by each of those groups………. or are you no better than David Farrar and selectively choosing only to show those items that make a dubious point ?

    • Michael Foxglove 1.1
      22 January 2010 at 9:52 am

      You’re missing the point gitmo. Marty is showing that by far most people in NZ will suffer, while Key’s rich mates get a tax break.

    • snoozer 1.2
      22 January 2010 at 9:56 am

      gitmo. It’s aobut a change from the status quo and who wins and who loses from that change. Come on, you get that, eh?

      • Tigger 1.2.1
        22 January 2010 at 11:38 am

        Actually, I get a big tax break under this but I am certainly not one of Key’s ‘mates’. Just as with the last tax break NACT handed me I’ll be pouring the money into the Labour Party…

    • Daveosaurus 1.3
      22 January 2010 at 7:27 pm

      The graph in question is here.

      (Security word: “AUTHORITYS”. Is someone around here trying to discourage good spelling and grammar?)

  2. Michael Foxglove 2
    22 January 2010 at 9:49 am

    Great graph Marty. I think it speaks volumes about who would suffer under the tax changes John Key is considering.

  3. Draco T Bastard 3
    22 January 2010 at 9:53 am

    So easy to understand and a fact that has, from what I can make out, been purposefully hidden. You’ll note that in the MSM nobody talks about incomes greater than $100k.

  4. democracymum 4
    22 January 2010 at 9:53 am

    Well all I can say is that after 9 years of “closing the gap” Clark it is pathetic to think that so many New Zealanders are earning so little.

    • Clarke 4.1
      22 January 2010 at 10:15 am

      So you think John “I’d love to see wages drop” Key is going to improve matters? Remember, he’s the guy who ruled out a rise in the minimum wage to $15/hr ….

    • Bright Red 4.2
      22 January 2010 at 10:15 am

      would you like to see how it looked before Labour, dm? because I’m sure that can be done. actually, if you follow the source link marty has given, you can see what it was like in 2001 when labour had just got to power.

      By my reckoning, the median (that’s the point where half the population is above, half is below) is up 55% between 2001 and 2008, even taking into account inflation of about 25%, that’s a 30% increase. pretty damn good in 7 years.

    • Sam 4.3
      22 January 2010 at 11:00 am

      Yes, let’s completely ignore the actions of the Fourth National Government that entrenched our low-wage economy so deeply that the Fifth Labour had to use tax payer dollars to make up the difference (WFF).

  5. Zaphod Beeblebrox 5
    22 January 2010 at 9:56 am

    The above graph highlights another thing- the appallingly low incomes of NZers. As an Australian living in NZ its stunning that NZ has virtually no middle class.

    This is what really should be concerning NZ governments, not a few cents in the dollar tax rates. A prosperous, educated, hard working middle class with enough time and energy to contribute to society is what separates third from the first world countries. Have a look at the dsintegration of U.S. society and poltical discourse as their middle classes shrink.

  6. roger nome 6
    22 January 2010 at 9:56 am

    DM:

    Come again? This time try writing a coherent statement that’s punctuated properly, if that’s not beyond you….

  7. Lew 7
    22 January 2010 at 9:56 am

    Marty, not to quibble (!) but is the y axis supposed to have intervals which go $4001-$5000, $9001-$10000, or shoudl all those nines be fives?

    L

  8. Idiot/Savant 8
    22 January 2010 at 10:03 am

    So 2.5 million of us will be made actively worse off to enrich a tenth of that number who will come out ahead, while 1% – the top 25,000 taxpayers, including all Government Ministers and John Key himself – will make out like bandits. How is this “fair”?

  9. snoozer 9
    22 January 2010 at 10:07 am

    That really puts this whole argument to bed I think. You’ve got 3.2 million taxpayers getting worse off so that a few tend of thousands can have huge tax cuts.

    • indiana 9.1
      22 January 2010 at 10:16 am

      any merit to the the 250k of tax payers that may be creating jobs for the 3.2M tax payers to exist?

      • Idiot/Savant 9.1.1
        22 January 2010 at 10:39 am

        None. If they do that (and I do not believe the rich are indispensible supermen; if they move, someone else will fill their niche and make that money), then they’re already doing it, so clearly the present incentives are sufficient. So why do we need to fuck over 2.5 million to give them a windfall?

      • Bright Red 9.1.2
        22 January 2010 at 10:51 am

        indiana, put down the Ayn Rand. That stuff rots the brain.

        Jobs are not created by the rich. They are the result of the application of labour and capital to create supply to meet demand. We don’t need mutli-millionaries for that to happen. And we certainly don’t need to give them tax cuts.

        • Watermelon 9.1.2.1
          22 January 2010 at 11:33 am

          Increasing spending in Education and R&D would be a far better way to create jobs than giving the “rich pricks” another tax cut.

          Captcha: schemes

          • Tigger 9.1.2.1.1
            22 January 2010 at 11:54 am

            And how is giving someone a personal tax cut going to enable them to ‘create jobs’? To do this they would need to (a) own businesses that employ people and (b) put their tax cut into hiring more staff in the business. Likely?

  10. vto 10
    22 January 2010 at 10:14 am

    This is such a dumb argument.

    If all income taxes were able to be wiped altogether then those that pay the most would get the biggest saving. What is the problem with that? It is just simple maths. The rich pay more, so it makes total sense they also get the biggest reduction. Just like when taxes go up they end up paying more.

    out

    • Bright Red 10.1
      22 January 2010 at 10:35 am

      no vto. because we’re not talking about wiping the taxes out altogether. These are fiscally neutral tax changes.. We’re talking about tax changes that specifically only benefit the rich and impose more cost on everyone else.

      This is about a proposed change from what we have now and who gets the gain from that change and who bears the cost.

  11. mickysavage 11
    22 January 2010 at 10:15 am

    Good to see the Standard continuing to do the job and the analysis that the MSM should be doing.

  12. vidiot 12
    22 January 2010 at 10:22 am

    “1.2 million taxpayers (19,001 to 45,000), no compensation for GST, higher rents and or/falling property returns. No income tax cut”

    Eh wtf ?

    Read the piece by Bernard Hickey – http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10621483&pnum=0 it has a great summary of how things could play out.

    Or is he just another wing-nut ?

    • Bright Red 12.1
      22 January 2010 at 10:39 am

      vidiot. Some people in that group rent. Some people in that group have investment properties. The TWG report says that the cost of the changes to property tax will probalby be split between renters and landlords.

      What do you do for a living? I hope it doesn’t involve simple deduction, or even reading the notes at the end of things.

    • IrishBill 12.2
      22 January 2010 at 10:51 am

      I have some sympathy for Hickey’s argument but in his last para he states:

      They [landlords] need to get back down to the business of making sustainable yields on rental properties with real people in them.

      I don’t know how he expects landlords to make sustainable profits when he also expects house prices to remain stable after a land-tax is introduced and tax breaks are removed.

      At the moment rental returns (excluding capital gain and tax breaks) are averaging around 4% (or at least I recall that’s the figure).

      You can do better than than with a term deposit.

      Of course some people may shift their capital to the markets but given the regulatory failure we’ve seen over the last few years and the lack of the current government to fix this failure I’d suggest that few will be in any hurry to liquidate their property portfolios and plunge into financial investments.

      Which doesn’t leave much for landlords to do to maintain profit other than raise rents.

      • Zaphod Beeblebrox 12.2.1
        22 January 2010 at 11:02 am

        Its quite possible that it could become more economical to leave your rental property empty and not even let tell IRD about it. Thats if they are going to expect you eran 6% pa on it.

        You’d expect a reversion to cash in hand blacket market rentals as why would any property owner want to subject themselves to thousands dollars of assessable income which they would never be able to earn anyway.

        A Land Tax and a CGT would be much more practicable.

  13. burt 13
    22 January 2010 at 10:35 am

    So the current tax system isn’t fair that’s OK, it’s popular with enough people to win an election. What else matters?

    Everything that was wrong with Labour can be seen in Dr Cullen’s approach to taxation it’s not about getting it right it’s about enough people believing you have it right to hold onto the treasury benches. No more no less.

    Bleat about tax rorts as much as you like, the Labour govt policies created whole industries based on working the angles and you had nothing but praise for the policies when Labour were in govt it is very sad it took a change of govt for you to wake up to what was really happening and what inequities the policies of envy marketing campaign created. But still you want status quo . Unbelievable.

    • Bright Red 13.1
      22 January 2010 at 10:42 am

      who says its not fair for those who benefit most from our capitalist economic system to pay the most for the cost of maintaining and moderating that system?

      Ceterus paribus, the cost has to be paid by someone. You would rather put more of the cost on the poor and middle class?

      • burt 13.1.1
        22 January 2010 at 11:11 am

        The people who benefit the most should pay, I have no issue with that. But when under Labour 75% of high school teachers had slipped into paying the top tax rate and about half of the 100 most wealthy people in NZ were not – I need to take a whole jar of “Labour good’ pills to agree with you Cullen had it right.

        But hey, Cullen only had 9 budgets to dodge the unpopular changes, the McLeod report to ignore and the constant drone of treasury & economists to denigrate he plucked the goose and the duct tape over it’s beak stopped it’s hissing from being heard pity it died of cold as soon as the black clouds of economic trouble appeared on the horizon.

  14. Zaphod Beeblebrox 14
    22 January 2010 at 10:43 am

    Burt- right about Cullen, free student loans and WFF two cases in point.

    However, listening to Goff and Cunliffe for the past year, I’m pretty sure they don’t want to keep the staus quo.

    Every side seems to agree the tax system is stuffed, but no two people will agree on how to achieve the desired outcome.

    You accuse Cullen (rightly) of kowtowing to political opportunism, do you trust Key not to do the same?

    Why, for instance is he entrenching WFF and has already ruled out a CGT?

  15. TightyRighty 15
    22 January 2010 at 10:57 am

    Lolz on the grimey call in the footnotes. one of the bet ever simpsons episodes

  16. RedLogix 16
    22 January 2010 at 11:30 am

    Proposed land and property tax changes adopted cost split between lower returns and higher rents

    Brilliant as usual Marty, but Grimey is being highly optimistic here. Most landlords are already putting cash into the business in order to cover costs. ie the extra cash from their LAQC tax break, is cycled straight back to pay the mortgage, rates, maintenance, insurance, etc. Effectively it is being used to subsidise low rents.

    Take the tax break away and the loss of cash flow will have to be fully passed on to the tenant. With returns around the 3-5% mark anyway, there really isn’t room for most landlords go lower without making a total loss.

    I’ve done my numbers. Most of my tenants are currently paying about $300pw. If all three proposals go through, the Land Tax, the RFRM tax on equity and the dismantling of the LAQC cash flow smoothing mechanism… I’m going to be fronting up to my tenants with an increase to $375pw.

    The conversation at the door will start like this, “You know that tax cut ‘north of $50pw’ that nice Mr Key promised you… this isn’t it”.

  17. BLiP 17
    22 January 2010 at 12:02 pm

    The promise:

    My Government is today tabling a Bill to reduce personal taxes from 1 April 2009.     Its intention is to pass this new tax legislation by Christmas and it  believes this tax reduction will equip New Zealanders with some much needed extra cash in tough economic times.

    Personal taxes will be further reduced from 1 April 2010 and from 1 April 2011.  As a result, by 1 April 2011 around 80% of New Zealand taxpayers will end up paying no more than 20c in tax for every additional dollar that they earn.

    This programme of tax reduction is a central part of the economic plan of my Government, because it believes in encouraging New Zealanders to get ahead under their own steam, and it views personal tax reductions as an essential step in ensuring that can happen.

    John Key 09/12/08

    The reality:

    The rich get richer, the poor get poorer

    Thanks National Ltd® – I’m lovin’ it.

  18. Uroskin 18
    22 January 2010 at 12:31 pm

    How much would the 38% to 30% alignment be worth in the lower tax bracket, i.e. how much of everybody’s income could be tax-free (or the lowest tax threshold reduced for everybody)? That way the tax cut could be for everybody on their first tranche of taxable income and much fairer.

    • burt 18.1
      22 January 2010 at 12:55 pm

      Uroskin

      I’ve never understood why both Labour & National are so anti a tax free bottom bracket for income. I guess it is just too simple and provides no opportunity to play god with winners and losers.

  19. tsmithfield 19
    22 January 2010 at 12:32 pm

    Has anyone got any idea of what the true rate of taxation is when all the various forms of taxation are taken into account: e.g.

    Income Tax
    GST
    Various other consumption taxes (ciggies, booze, petrol etc)
    Rates
    Indirect ways of taxing such as dividends on government-owned electricity companies etc.

    Income tax is only one component of the tax system afterall.

    • snoozer 19.1
      22 January 2010 at 2:53 pm

      ts. easy. go to the treasury website. look the the budget documents. find the amount of tax revenue raised and the gdp. divide first by second.

      tell us what you come up with

      • rainman 19.1.1
        22 January 2010 at 4:18 pm

        If I’m reading the numbers right (big if), for 2008 that was apparently 30.8%.

        captcha: collection 🙂

  20. Herodotus 20
    22 January 2010 at 2:21 pm

    It is not a given that rentals would increase, pure speculation, as when interest rates move rentals tonot follow this trend. Also there is not as I am aware not a surplus of tennants out there, there is a cost to both parties in a change of tenancy, and depending on the time e.g. tennat vacates in Dec a potential of many weeks of the rental property being vacant, and 1 weeks vacancy equate to a 2% rise in new rental to compensate for this lose in cash for that financial year, and many land lords subsidies rentals for good tennants. I know what poor tennants are like chasing arears in rent, property maintenance and the general hassel.

    • RedLogix 20.1
      22 January 2010 at 3:25 pm

      It is not a given that rentals would increase, pure speculation, as when interest rates move rentals tonot follow this trend.

      Most mortgages are for fixed rates at fixed terms, so they do not all expire for all landlords at the same time even when variable rates increase. Moreover the interest portion of the mortgage is a deductible cost, so the landlord is not under immediate pressure to recover it and can usually wait until the tenant leaves before raising the rent. (The average tenancy is around 12-18 months, and many landlords find it the most painless way of dealing with the issue.) Therefore the link between interest rates and rents is not so very obvious.

      But if Land Tax, an RFRM equity tax, and depreciation is cut from the LAQC model, then this will directly hit the cash flow of most landlords more or less in the same time frame, and most will react to cover the increased costs.

      A minority, those with very cash flow positive properties that they have held onto for a decade or more, will be able to absorb the extra costs and not increase rents, but their fortunate tenants will be much less inclined to move … and the landlord can only rent the place once.

      • Herodotus 20.1.1
        22 January 2010 at 3:52 pm

        So they have in hindsight if these new reforms go ahead paid to much for the property and their gearings are not manageable, (Similar to forestry and tradable Carbon credits.) If the properties were brought on -ve equity, there is a case that it was not brought for rental incomes BUT capital gains. Thus the onwers should be subject on disposal of paying Cap Gains (As if anyone would own up to that). Many property investment coys will not openly state this but there is a strong inferral at the presentations I have been to as the motivation and business case on purchasing is in on Capital Gains.

        • RedLogix 20.1.1.1
          22 January 2010 at 7:05 pm

          Well if you want to apply a GGT go right ahead.. but apply it across the board to ALL instances where something is purchased with an intent to resell for a profit. Like shares, commercial, industrial and farm property…why just pick on residential rental investors?

          The fact is that if you hold onto a property long enough.. 8-12yrs these days it should become cash flow positive.

          • Herodotus 20.1.1.1.1
            22 January 2010 at 7:13 pm

            It does apply to shares if you are trading in them. But yet people who trade daily also do not disclose any of their success to the IRD, the same should apply to those who trade inthe other avenues you have mentioned.
            IMy comments do not just pick on residential rental “investors” according to the wording of the law their income should be disclosed as taxable.

            • RedLogix 20.1.1.1.1.1
              22 January 2010 at 7:51 pm

              So all this begs the distinction between a trader and an investor.

              If I’m trading in cabbages/shares/whatever on a daily basis, then I pay tax on my profit, ie income after costs.

              If I’m trading in my labour then I pay tax on my income before costs, ie the food, shelter and transport that are essential to my existence.

              If I’m a farmer who sells his property when he retires (after decades of relatively low cash flow and re-investing heavily in adding value to the place) … should I pay tax on the ‘capital gain’? And how is that ‘gain’ calculated, before or after costs, and in real, nominal or market adjusted dollars?

              These distinctions are long-standing and real, but they rather hurt my head when I start thinking about where they all come from.

              • SPC …
                22 January 2010 at 10:23 pm

                I am a fan of a CGT paid by farmers when they sell up.

                There would need to be another arrangement for farms owned by Trusts who would avoid a CGT liability sale.

                Much of the “investment” by farmers is in maintaining the business and this accounts for low tax on their after cost income. The rising value is not the result of such “maitenance”. No more than maintaining the condition of a rental property is the reason the land around it goes up in value.

                As for a CGT itself – that could be done on the basis of no inflation adjustment (in which case a lower tax rate should apply instead). Note that we tax interest income despite much of this being compensation for annual inflation – meaning there is a case for a reduced tax on interest for the same reason.

                PS

                A farmland CGT could fund CRI’s – Agriculture Research, and Fast Forward and provide funding for environment work – water resources and clean waterways.

    • snoozer 20.2
      22 January 2010 at 3:30 pm

      “It is not a given that rentals would increase, pure speculation,”

      Take it up with Grimey

    • Zaphod Beeblebrox 20.3
      22 January 2010 at 3:48 pm

      Hard to see how that won’t happen. Remember we are about to enter a housing crisis as nothing is being built at present. The property investment market is likely to be hit so thats unlikely to change.

      Housing NZ are being starved for funds so no help from them.

      Same number of tenants looking for less houses/apartments with landlords and/or property company getting reduced income = higher rents.

      If interest rates go up expect these effects to be compunded.

      • burt 20.3.1
        22 January 2010 at 5:55 pm

        Zaphod

        Perhaps you missed this a few days ago;

        Stuff: 14/01/2010 – Building consents hit 18-month high

        Building consents for new homes rose 3.1 per cent in November to reach their highest level since May 2008, according to Statistics NZ.

        The number, which excluded consents for new apartments, follows an 11 per cent jump in October, but remains some way off the highs experienced in mid-2007.

        “Although the trend for new housing units has been increasing since March 2009, it is still considerably lower than the levels seen before mid-2007, “said business statistics manager Louise Holmes-Oliver.

        Sure it’s not all boom times again, but it is a long way from nothing is being built at present.

        • Zaphod Beeblebrox 20.3.1.1
          22 January 2010 at 6:08 pm

          Fair enough, things have improved slightly of late. Still 42 apartments for the whole of NZ does not sound a lot to me.

          Given what the budget is likely to do to landlord profitability you’d have to admit things are looking grim for the residential construction business over the next couple of years.

          • burt 20.3.1.1.1
            22 January 2010 at 6:33 pm

            Zaphod

            No argument that things will change if tax is added to the property equation. The issue is investment will move to the vehicle with the best return and if tax takes away the current advantages of bricks and mortar over other classes of investment then its guess work as to what impact that will have.

            Arguably the top end of the property market will fall as the holding cost goes up, that might have some unexpected consequences on lower value property.

            Personally I think there is an element of breaking eggs to make an omelet in this situation because I think the tax base is far too dependent on individual income tax. However I don’t claim to know what will happen given;

            a) We don’t know which parts of the report will be implemented – if any.

            and;

            b) we don’t know for sure what response property owners and renters will have to the changes.

            • Zaphod Beeblebrox 20.3.1.1.1.1
              22 January 2010 at 6:55 pm

              True, we won’t know the details until the budget, but you can see that the options for paying for the tax cuts which we need have been significantly reduced already.

              If they decide they can’t sell a GST rise politically (Maori Party are likely to oppose and ACT will want their pound of flesh so may be tricky), the only remaining three options involve property owners and renters footing the bill. No matter which combination of the three are decided it would be hard not to see a capital outflow from the the property investment/construction market.

              In the long term, this will be a good thing- but where will that leave their housing policy? Rising rents and accomodation shortages probably won’t be the best thing if you want to attract skilled workers.

              If they do embark upon this course, the government really need to reconsider their housing/development policies- hopefully RMA changes will allow shorter consent times than 2 years, public/private development opportunities, Housing NZ doing more probably all need to be considered.

              • Herodotus …
                22 January 2010 at 7:25 pm

                It takes 9+ years for a plan change to proceed if you are lucky if not like Long Bay a Generation !!!
                Subdivision consent can take 3+ years then you have local body consents etc.
                And no involvement by Cent Govt within the process unless Transit motorways are affected then you can build ramps, widen approaches etc to solve their problems.
                Then yuo have councils wanting all the infrastructure changes paid for. In some cases $50k per lot of Development cont, double glazing etc how do yuo then a make property available in a timely fascion and b make it affordable?
                Everyonee gives this lipservice support but when asked for action go missing!!!

  21. garethw 21
    24 January 2010 at 6:14 pm

    There are some very good points to made about the possible changes in tax burden depending on the mixture/choice of options. But this is such appalling selective picking of the numbers to make your case that you lose any credibility to do so.

    The TWG made it very very clear that the changes in personal income tax would have to be made up from alternatives – the increase in GST wasn’t really one of these as the recommended cut in lower tax rates to compensate for it made it relatively neutral (+$200m I believe it was). For example, given the HUGE concentration of capital wealth amongst the rich, a CGT to offset the personal income tax changes would be very much progressive and in certain scenarios could see zero change to tax paid across the board; just the mixture of types of tax would change. Similarly land wealth is heavily concentrated amongst the rich, so a tax on land would hit them to offset the personal income tax changes. Alignment of rates would see the rich currently sheltering earnings in trusts and businesses actually make no gain as they’re currently being taxed at the lower rate anyway through their chicanery.

    NONE of which you mention. Your focus on only personal income tax is borderline ridiculous – what matters is what total percentage of all tax is paid for by the wealthiest vs the poorest. Their are permutations of the TWG’s options that could end up even more progressive and certainly stop the rich being able to shelter income or make out like bandits because they control capital, land and property but instead you spin the numbers in a bald-faced partisan bid to discredit something your party didn’t author.

    • RedLogix 21.1
      24 January 2010 at 6:35 pm

      You make some reasonable points, but the scenario you paint ain’t necessarily so.

      It is true that CGT’s potentially hit the wealthy more than the poor, but as has been pointed out many times, CGT’s are complex (read expensive) to administer and not especially efficient.

      It is also true that aligning the top PAYE and Company tax rate superficially seems like a good idea… but you forget that just making the two rates the same won’t result in any more total tax being paid. In fact it’s unlikely to change anything, because even with the two tax rates the same, there are still advantages to having income sheltered in a company or trust.

      And I agree that superficially a Land Tax is a respectable idea, but it’s been suggested that will be exemptions for farm land, forests, Maori land and large trust holdings, i.e. land that falls below a certain $/Hecatare threshold. So again there will be many very wealthy for whom this will change nothing.

      As Matt McCarten puts it today in the Herald… the one idea that would reliably and efficiently tax the very wealthy, a financial transfer tax …. has gone completely unmetioned by the TWG. So much for their credibility.

  22. garethw 22
    24 January 2010 at 7:09 pm

    Now see RedLogix those are all valid points worthy of analysis – you can explore the real affects of the different taxation methods across wealth “classes”, even if it is a little difficult.
    I just wish I had seen more such thought and honesty from those who oppose the Govt. Instead we get selective number and stat usage that would make the Republican Party proud!

    And I’m not advocating for or against any of the options presented in that report here (or options they may have missed), just trying to ensure we get a reasonable and honest debate about those options from all sides.

Links to post

Recent Comments

Recent Posts

  • New sports complex opens in Kaikohe
    Regional Development Minister Shane Jones today attended the official opening of Kaikohe’s new $14.7 million sports complex. “The completion of the Kaikohe Multi Sports Complex is a fantastic achievement for the Far North,” Mr Jones says. “This facility not only fulfils a long-held dream for local athletes, but also creates ...
    BeehiveBy beehive.govt.nz
    44 mins ago

  • Diplomacy needed more than ever
    Foreign Minister Winston Peters’ engagements in Türkiye this week underlined the importance of diplomacy to meet growing global challenges.    “Returning to the Gallipoli Peninsula to represent New Zealand at Anzac commemorations was a sombre reminder of the critical importance of diplomacy for de-escalating conflicts and easing tensions,” Mr Peters ...
    BeehiveBy beehive.govt.nz
    4 hours ago

  • Anzac Commemorative Address, Buttes New British Cemetery Belgium
    Ambassador Millar, Burgemeester, Vandepitte, Excellencies, military representatives, distinguished guests, ladies and gentlemen – good morning and welcome to this sacred Anzac Day dawn service.  It is an honour to be here on behalf of the Government and people of New Zealand at Buttes New British Cemetery, Polygon Wood – a deeply ...
    BeehiveBy beehive.govt.nz
    19 hours ago

  • Anzac Commemorative Address – NZ National Service, Chunuk Bair
    Distinguished guests -   It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders.   Our presence here and at the other special spaces of Gallipoli is made ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Anzac Commemorative Address – Dawn Service, Gallipoli, Türkiye
    Mai ia tawhiti pamamao, te moana nui a Kiwa, kua tae whakaiti mai matou, ki to koutou papa whenua. No koutou te tapuwae, no matou te tapuwae, kua honoa pumautia.   Ko nga toa kua hinga nei, o te Waipounamu, o te Ika a Maui, he okioki tahi me o ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • PM announces changes to portfolios
    Paul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • New catch limits for unique fishery areas
    Recreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Minister welcomes hydrogen milestone
    Energy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Urgent changes to system through first RMA Amendment Bill
    The coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Overseas decommissioning models considered
    Overseas models for regulating the oil and gas sector, including their decommissioning regimes, are being carefully scrutinised as a potential template for New Zealand’s own sector, Resources Minister Shane Jones says. The Coalition Government is focused on rebuilding investor confidence in New Zealand’s energy sector as it looks to strengthen ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Release of North Island Severe Weather Event Inquiry
    Emergency Management and Recovery Minister Mark Mitchell has today released the Report of the Government Inquiry into the response to the North Island Severe Weather Events. “The report shows that New Zealand’s emergency management system is not fit-for-purpose and there are some significant gaps we need to address,” Mr Mitchell ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Justice Minister to attend Human Rights Council
    Justice Minister Paul Goldsmith is today travelling to Europe where he’ll update the United Nations Human Rights Council on the Government’s work to restore law and order.  “Attending the Universal Periodic Review in Geneva provides us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Patterson reopens world’s largest wool scouring facility
    Associate Agriculture Minister, Mark Patterson, formally reopened the world’s largest wool processing facility today in Awatoto, Napier, following a $50 million rebuild and refurbishment project. “The reopening of this facility will significantly lift the economic opportunities available to New Zealand’s wool sector, which already accounts for 20 per cent of ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Speech to the Southland Otago Regional Engineering Collective Summit, 18 April 2024
    Hon Andrew Bayly, Minister for Small Business and Manufacturing  At the Southland Otago Regional Engineering Collective (SOREC) Summit, 18 April, Dunedin    Ngā mihi nui, Ko Andrew Bayly aho, Ko Whanganui aho    Good Afternoon and thank you for inviting me to open your summit today.    I am delighted ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Government to introduce revised Three Strikes law
    The Government is delivering on its commitment to bring back the Three Strikes legislation, Associate Justice Minister Nicole McKee announced today. “Our Government is committed to restoring law and order and enforcing appropriate consequences on criminals. We are making it clear that repeat serious violent or sexual offending is not ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • New diplomatic appointments
    Foreign Minister Winston Peters has today announced four new diplomatic appointments for New Zealand’s overseas missions.   “Our diplomats have a vital role in maintaining and protecting New Zealand’s interests around the world,” Mr Peters says.    “I am pleased to announce the appointment of these senior diplomats from the ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Humanitarian support for Ethiopia and Somalia
    New Zealand is contributing NZ$7 million to support communities affected by severe food insecurity and other urgent humanitarian needs in Ethiopia and Somalia, Foreign Minister Rt Hon Winston Peters announced today.   “Over 21 million people are in need of humanitarian assistance across Ethiopia, with a further 6.9 million people ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Arts Minister congratulates Mataaho Collective
    Minister for Arts, Culture and Heritage Paul Goldsmith is congratulating Mataaho Collective for winning the Golden Lion for best participant in the main exhibition at the Venice Biennale. "Congratulations to the Mataaho Collective for winning one of the world's most prestigious art prizes at the Venice Biennale.  “It is good ...
    BeehiveBy beehive.govt.nz
    6 days ago

  • Supporting better financial outcomes for Kiwis
    The Government is reforming financial services to improve access to home loans and other lending, and strengthen customer protections, Commerce and Consumer Affairs Minister Andrew Bayly and Housing Minister Chris Bishop announced today. “Our coalition Government is committed to rebuilding the economy and making life simpler by cutting red tape. We are ...
    BeehiveBy beehive.govt.nz
    6 days ago

  • Trade relationship with China remains strong
    “China remains a strong commercial opportunity for Kiwi exporters as Chinese businesses and consumers continue to value our high-quality safe produce,” Trade and Agriculture Minister Todd McClay says.   Mr McClay has returned to New Zealand following visits to Beijing, Harbin and Shanghai where he met ministers, governors and mayors and engaged in trade and agricultural events with the New ...
    BeehiveBy beehive.govt.nz
    6 days ago

  • PM’s South East Asia mission does the business
    Prime Minister Christopher Luxon has completed a successful trip to Singapore, Thailand and the Philippines, deepening relationships and capitalising on opportunities. Mr Luxon was accompanied by a business delegation and says the choice of countries represents the priority the New Zealand Government places on South East Asia, and our relationships in ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • $41m to support clean energy in South East Asia
    New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Minister releases Fast-track stakeholder list
    The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Judicial appointments announced
    Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Education Minister heads to major teaching summit in Singapore
    Education Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa.  The summit is co-hosted ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Value of stopbank project proven during cyclone
    A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Anzac commemorations, Türkiye relationship focus of visit
    Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul.    “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Minister to Europe for OECD meeting, Anzac Day
    Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Comprehensive Partnership the goal for NZ and the Philippines
    Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr.  The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Government commits $20m to Westport flood protection
    The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Taupō takes pole position
    The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • 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
    1 week 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
    1 week 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
    1 week 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
    1 week 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
    1 week 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
    1 week 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 week 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 week 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 week ago

Page generated in The Standard by Wordpress at 2024-04-26T22:05:44+00:00