tax

Doing nothing? Another Cunliffe mistruth proved wrong

David Cunliffe posted this extremely misleading image on Facebook with a claim that National was doing nothing about tax dodgers.

Labourpie

 

Unfortunately for David Cunliffe he has shot his mouth off without first garnering the facts and today Revenue Minister Todd McClay has announced exactly what National is doing to attack tax dodgers.

Speaking at the OECD Cash and Hidden Economy Conference today, Revenue Minister Todd McClay reiterated the Government’s commitment to clamping down on tax evasion and avoidance.

“This is an area the Government has invested heavily in and we are starting to see results,” says Mr McClay.

“In Budget 2010, we invested $120 million in going after tax non-compliance; another $78.4 million was further invested in Budget 2012.”  Read more »

Another Cunliffe cockup

incomptent

David Cunliffe reputation for telling the truth took a battering over his dodgy CV, then his secret trusts and on top of that almost every announcement he has made on policy or comments on government policy has contains mis-truths, deception or lies.

Yesterday was no different when he accused the government of going soft on tax dodgers while at the same time creating the impression that Labour like to hug beneficiaries.

Chester Borrows was quick to kick him in the slats.

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David Cunliffe’s ongoing lies and deception

incorect

Yesterday David Cunliffe spent an hour on NewstalkZB with Tim Fookes.

I listened so you didn’t have to. It was dreadful but the amount of times David Cunliffe ‘mis-spoke’ or deliberately lied was incredible.

Take his claims on capital gains tax and his attack on farming.

David Cunliffe attacks farmers and lies about CGT David Cunliffe NewstalkZB. "David Cunliffe attacks farmers and lies about CGT"

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More lies of the left exposed

Lindsay Mitchell exposes the lies of the left over unemployment.

In February the Daily Blog screamed the headline,

EXCLUSIVE: Billions of dollars stolen from the unemployed

which claimed a hundred thousand plus people were being denied an unemployment benefit.

The number of those on average receiving a benefit compared to the number of unemployed in the household survey is now about 130,000 fewer than it was in the late 1990s.

The missing 130,000 are the reason why so many social agencies are being inundated for help for food, clothing, shelter despite the so-called recovery in the economy over the last year…
tax cuts for the rich have been paid for by denying entitlements to the poorest and most vulnerable is theft from working people of about a billion dollars a year. It is time to get angry.

The tax cuts for the rich have been paid for by denying entitlements to the poorest and most vulnerable is theft from working people of about a billion dollars a year. It is time to get angry.

Then Labour’s Chief of Staff, Matt McCarten, still writing for the Herald on Sunday, picked up the accusation:  Read more »

Map of the day

Tax Time

 

This map indicates the time, in hours per year, it takes to prepare, file, and pay (or withhold) three major types of taxes: the corporate income tax, the value added or sales tax, and labor taxes, including payroll taxes and social security contributions.

Hosking points out the obvious flaws in Labour’s wood policy

Mike Hosking sees right through Labour’s wood policy…another that they will no doubt claim is a “game changer”.

In what the Labour Party will hope is some sort of turning point in their poll run, they’ve started talking wood. They’re pro-wood. They’re getting into and involved in the wood industry.

The potential upside of this is it differentiates them from the Government. It gives them a point of difference. What they’re up to is incentivising the industry – there will be tax breaks for it.

Now the immediate problem I had with the idea is that it originated from their manufacturing inquiry they held a couple of years ago. That was the cross party ‘crisis’ inquiry where Labour, the Greens and NZ First wandered around the country listening to people complain about manufacturing. The big problem being that while they were all in a room together wringing their hands and moaning, manufacturing was going gang busters. Manufacturing has been expanding for the past 18 months in a row and across all sectors. Manufacturing levels are at record highs.

The single best thing Labour could do is declare that the wood industry in crisis and hold an investigation into it.  Read more »

Guest Post – Reclaiming the left

This guest post was emailed last night. I don’t agree with everything in here, but far be it from me to filter the voices of those on the left frustrated and zero traction.
How To Win It From Here – by Reclaiming the Left
So, it’s a bad time to be a leftie. Labour looks like losing the “election that couldn’t be lost.” And losing it badly. I had high hopes for Cunliffe, and I liked Goff too. Sigh.
I’ve been pissed off with a lot of the left for ages. There’s a lot of squabbling, but more importantly, very little focus.
Let’s get some things straight. Socialism is about the collective, not individuals or interest groups. Socialism is not about hippy bullshit. Many on the left have forgotten that. However, if we get back to our roots, and smash a few big-hitting policies straight off the bat, we might just do it.
The Big One: Work for the Dole
WfD is the best socialist policy there is. Everyone has a right to a job, but the government has the right to your labour as well. I’d do WfD right; good pay ($15/hr, 40hrs) with maybe 3 months on an infrastructure project then 1 month training on reduced pay. That sort of cycle would give people a chance to get back into the labour market easily enough. Yeah, it’d cost a bit (more on that later) but it’d break welfare dependency because it would turn the dole into a “community wage.”
And if you refuse it, and don’t have a disability? You get nothing.
The Next Big One: Revitalising the Provinces
Small town NZ is dying. Auckland is turning into a cancer, a tumour too big for the rest of the country to handle. Let’s revitalise the provinces – (1) special economic zones (e.g. zero corporate tax!) for places like Tokoroa and Kawerau, (2) moving some bureaucratic jobs into the provinces e.g. WINZ, (3) using WfD infrastructure projects, and (4) making sure all overseas immigrants settle in smalltowns. Try outmanouevring that, National.  Read more »

Maybe we should have a ‘luvvies tax’ here

There is some merit in implementing a ‘luvvies tax’ like that suggested by Toby Young at the Telegraph after a bunch of ‘luvvies’ made a video chastising the government for not implementing a Tobin Tax.

[T]he most objectionable thing about this video is the notion that a bunch of luvvies possess the moral authority to chastise bankers, politicians and the rest of us for not giving even more money to the European Union. David Yates, the film’s director, was at the helm for the last four Harry Potter movies and has a “first-look” deal with Warner Bros. I would conservatively estimate his total earnings over the last decade at over £25 million. Very few “greedy” bankers earn that kind of money. If Yates and other Hollywood types are genuinely concerned about “extreme poverty” and “climate change”, why not campaign for a Luvvie Tax? Better yet, why not cut out the middle man and simply donate 0.5 per cent of their earnings directly to the EU? I’m sure José Baroso can find a good use for it. A new fleet of Mercedes S400 BlueHybrids for European Commissioners, perhaps.

I’ve never understood why showbusiness types think their political views should be taken seriously simply by virtue of their fame and fortune. What insight do members of the entertainment industry possess that members of the financial services industry lack? What’s the chain of reasoning here? I’m on telly a lot, therefore I’m wise? You may disagree with the Chancellor’s views about the Financial Transaction Tax, but at least he’s a member of the elected government of Great Britain and Northern Ireland. Who elected Bill Nighy to speak for the people of Britain? I mean, apart from Richard Curtis?

Do me a favour Nighy, Yates and all the other Labour luvvies involved in this “campaign”. If you want to create jobs, take early retirement.  Read more »

Let’s have a living tax on companies

David Farrar discusses a “living tax” proposal for offshore companies who pay little or no tax in New Zealand…like APN and Fairfax.

This old fashioned concept of paying tax on profit must be disposed of. We should demand a fair tax system. Let’s calling it a living tax – the level of tax a company should pay so that it no longer feels wretched and is helping fund a civilised society.

I think a 15% tax on revenue would be a fair living tax.  Both the Herald and the Dom Post have repeatedly run stories and editorials comparing tax to turnover, not profit. So we should start the living tax campaign with them. Here’s how it would work:  Read more »

A Guest Post – Equality vs Inequality

A reader emailed this today:

Labour and the Greens are making a lot of noise at present about the widening gap between the rich and the poor.  So I have put a few thoughts down on this matter.

1.       Labour and the Green Taliban talk much about the rich getting richer and the poor getting poorer.  What they are in effect doing is driving a wedge  into our society as they harp on about this and are in effect creating a divide in our society.  Those who are poor should hate those who are successful because the implication the left want to spread to their useful idiots is that those who are successful must have done so by taking the resources off the poor and exploiting them.

2.       The left harp on about the fact that those who earn the high salaries are not paying their fair share of tax.  This is utter bulls**t.  Those earning $100,000 are paying significantly more multiples of  tax than the people earning $40,000 or $50,000.  Someone earning $200,000 per annum is probably paying in excess of $60,000 income tax per annum.  It is bulls**t to say that person is not paying his / her fair share.  The reality is that the 12% are paying 75% of the tax.  Effectively to prop up the spending promises of successive Governments, but especially the last Labour Government.

3.       The rich cannot help but get richer.  If I have $1,000,000 in assets and invest those assets at 5% (very modest I know but hold with me) then in 12 months I will have $1,050,000 in assets.  If I have $1,000 invested a 5% then in 12 months I will have $1,050. The rich cannot help but get richer. That is a fact of life.  Of course those with the $1,000,000 use their money to create jobs and capital investment so the whole pie for society can grow bigger.  22 years ago I came back to NZ without a cent to my name.  In that time with very hard work, careful management and setting goals I have managed to accumulate a reasonable asset base. More about that that later.

4.       The good news is that here in NZ we generally have equal opportunity to succeed.  That is what counts.  True some have more opportunity than others and different circumstances.  But I ask this.  Is it possible for a kid from NaeNae or Otara to become a partner in a law firm, a business owner, a policeman, a teacher, an artist, a member of the military, a civil servant, or even the Prime Minister.  The answer is yes. That kid can do whatever he/she wants so long as they have a game plan, some life goals and the intelligence.  All jobs have different pay scales and the outcomes will be different, but it is the opportunity that counts.  While Labour and the Greens seem intent on focusing and splitting the nation with their envy of success, and hatred of the poor,  the National Government is getting on with doing what it reasonably can to ensure all our kids can follow their life dreams.  What the Labour/Green envy and hatred does is tell the kids from Otara and NaeNae that you can’t be successful because you are poor.  The Labour and Greens suppress self-responsibility and ambition and think only the Government can help those at the bottom of the heap.    Read more »