Face of the day

ACT leader David Seymour

ACT leader David Seymour has said it is now clear that the real task of the taxpayer-funded Tax Working Group is to write the Labour party’s 2020 election tax policy.

Last month former Labour party deputy leader Michael Cullen floated eight new taxes or types of tax:

  • A financial transactions tax
  • A wealth tax
  • An equalisation tax
  • A capital gains tax
  • A land tax
  • A progressive company tax
  • Environmental taxes
  • Behavioural taxes

Seymour has pointed out that Labour’s Associate Finance Minister has refused to rule out introducing any of the proposed new taxes. In fact, he all but confirmed that the Tax Working Group’s recommendations will form the basis of the Labour party’s 2020 election tax policy.Quote:

Not content to increase the complexity of the tax system and the burden faced by hardworking New Zealanders, the government is using the Tax Working Group as a think tank to write Labour Party policy. That is simply outrageous.

The only silver lining for New Zealanders is that they will have the opportunity to deliver their verdict on this Government’s economic vandalism before it can be fully enacted. End of quote.


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