After slamming the government Robbo, with his next breath, says Labour will increase taxes

As I said previously Grant Robertson knows as much about finance as Jacinda Ardern does about child rearing.

After slamming the government over tax cuts in his next breath he announces Labour will fight the election proposing tax increases.

Labour is planning to announce tax increases before the next election to help fund its spending plans but will leave the detailed work until it is in government.

Their spending promises are shaping up to be massive. Billions upon billions, and the only way they can fund that is by stiffing us with tax increases.

In a pre-Budget speech to a business breakfast on Monday, Labour finance spokesman Grant Robertson said a Tax Working Group would be set up after the election to develop ways to correct the imbalances between the productive and speculative parts of the economy.

“While we want a comprehensive review there will be some interim steps that we will announce before the election … to ensure that we have the revenue to address pressing issues, particularly in health, education and housing,” he said.

“I think it’s only fair to New Zealand we go to the next election with some sense of the direction of our tax policy. We want the Tax Working Group to do the detailed work but I think it’s only fair for New Zealanders that they see the path we are on.

Typical Labour, they want other people to do their thinking for them. Phil Goff promises a tax expert panel, so did David Shearer and so did David Cunliffe. They are going to fight an election on a promise of tax increases but not tell us how, where, who and how much. Why don’t we just elect the expert panel instead of the Muppet Show.

“So we will have some specific things to say about the tax system before the election.”

Robertson would not say what those changes might be, but it is understood extra taxes on property speculation could be part of the mix.

And probably a rich prick tax, like Helen Clark put in place.

The working group would look again at a capital gains tax (CGT), dropped from Labour’s platform when Andrew Little took over as leader in late 2014, and a land tax.

A capital gains tax would not be part of the party’s platform in 2017, but it was not off the table for the working group.

“Very little will be out of scope for the working group. We want that to take a broad approach.”

“We do need to look at the range of options. There are issues with the CGT, as we brought it forward, that we need to explore but clearly that has to be one of the options a tax working group would look at.”

Its mandate was to “rebalance” the tax system.

Do you really believe that Labour won’t implement a capital gains tax after winning an election? If you do I know where you can buy a bridge at a real bargain.

Labour can’t be trusted. But hey, if they want to fight an election promising tax increases then go right ahead.

 

– Fairfax


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

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