Embarrassing u-turn from Nash

Stuart Nash has been forced to back-down over his claims the government is “absolutely” going to bring in an Amazon tax:

Revenue Minister Stuart Nash has admitted he jumped the gun on Wednesday when he said the Government would introduce a so-called Amazon tax on internet shopping.

He said it remained correct that the Government had not ruled out levying GST on low-value purchases from overseas within its current term.

But he said the matter would be looked at by the proposed Tax Working Group, which will be established with the goal of considering substantial tax changes that could take effect after the next election.

Nash told Newstalk ZB on Wednesday that he would “absolutely” make the tax change, which would mean people had to  pay GST on purchases from overseas websites that fell under the current thresholds of between $225 and $400.

However, he was later contradicted by Labour Finance Minister Grant Robertson who said that was still being investigated.

Nash said Robertson’s comments were the correct steer.

“I guess I did jump the gun a bit. We have got a Tax Working Group that we are putting together and they will be asked to consider these thorny issues.

“It is easy to have policies in isolation, but if you don’t look at the whole tax system, then you run the risk of things getting out of whack.”

Nash said that was why it was vitally important that the Tax Working Group which Robertson would be leading was given a mandate to “have a look at the challenges facing our system in the 21st century”.

Asked whether that meant an Amazon tax could not come in before the next election, Nash said he didn’t want to pre-empt any decisions on “what, when or how”.

“What the Prime Minister did say is that there will be no substantive changes to the tax system until after the next election.”

An embarrassing walk back from Stuart Nash.

The Labour party is yet to get up to speed with government after nine long years in opposition. The failure to have anyone directing traffic or even organising basic stuff like cabinet committees is really harming them.

They should be in a honeymoon period but are in fact developing a bunker mentality. They better get it sorted quick smart.

 

-Fairfax

 


THANK YOU for being a subscriber. Because of you Whaleoil is going from strength to strength. It is a little known fact that Whaleoil subscribers are better in bed, good looking and highly intelligent. Sometimes all at once! Please Click Here Now to subscribe to an ad-free Whaleoil.

31%