NZ Politics



  • Don't think we have a dedicated thread for ours, but do for others?
     
    anywhoo, seriously...Labour are so stupid.
     
    We are going to increase taxes, but we wont tell you which ones until after the election, that way we can do what we want
     
     
    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.
    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.
    "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.
    READ MORE: * Labour leader Andrew Little: Kiwi families' pay packets $50 a week worse off under National
    * Andrew Little wants banks 'stiff armed' into not forcing dairy farmers off land
    * Labour unlikely to withdraw from TPPA deal if in government, Little says 
    * Labour rolls up sleeves to tackle the future of work
    * Calls mount for tighter rules on foreign trusts as Key denies NZ a 'tax haven' 
    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."

    Ad Feedback

    "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.
    Robertson said it may be a case of updating the work done by the working group National put in place when it came to power, which saw the Key government increase GST but cut other taxes in a so-called "tax switch".
    "We want it to look at the overall balance and fairness of the tax system. We do want that to look at how we are treating multinationals and i am very interested in investigating the idea of a diverted profits tax," he said.
    He said moving the tax thresholds to account for taxpayers moving into a higher tax bracket as their incomes increased - identified as a priority by Finance Minister Bill English - would also be on the table. 
    But Robertson said the $3b of tax cuts, mentioned as a possibility by Prime MInister John Key, would not be affordable given the pressures for spending on health, education and housing.
    He said an "enormous... multi-billion dollar" surplus would be needed for $3b of tax cuts given all the other cost pressures in the economy. He called on the Government to "come clean" about its tax cuts plans.
    He said an extra $600m needed to be allocated to health in Thursday's Budget just to stand still.
    He also signalled Labour would step up its KiwiBuild policy, which in 2012 saw it pledge to build and on-sell 10,000 houses a year for 10 years.
    Robertson said the problem had grown since then.
    "We'll be looking again at the KiwiBuild policy to see what we need to do to see those houses built."
    There was not just a need for affordable homes that people could buy but social housing development alongside that.
    Robertson said he expected the Government to post a small surplus in this week's Budget.
    "A surplus was National's self-declared marker of financial competence, but I actually agree with Bill English that when we are arguing at the margins it is somewhat irrelevant."
    Labour planned to establish a set of indicators, beyond simply gross domestic product, to report on each year at budget time.
     - Stuff



  • They can fuck off. They want to win favour by promising lots of spending, but refuse to say how they will fund it beyond a vague 'more taxes'?
     
    Who advises these clowns? they will get slaughtered in an election campaign.



  • Is it all Little saying this is how we will play it, cos surely they aren't all that stupid to think the way they are doing things will work?



  • Anyone want to take a punt on how many seats Winston gets next election? Labour are broke and no one wants to donate to them , Winston can rely on his natural audience for cash to campaign with and keep Wellingtons nightspots alive.



  • I am assuming that Key won't stand again for Election?  That will help Labour, surely.



  • Getting back to Little after turning up to an overcrowded house last week that wasn't overcrowded you'd think he would have put more effort into last nights speech . First he claims WS are all $50 a week worse off ( with no evidence of how he came to this, low petrol prices , interest rates and inflation have me scratching my head about that claim) then because he's so worried about it he's going to raise taxes? How can you have more money while paying more in tax?
    Also good luck selling the idea to Aucklanders that their property prices need to fall , the greens are economic Neanderthals but backtracked on that bloody quickly when the material girl ranted about how she wanted to see property prices fall live on tv.



  • I am assuming that Key won't stand again for Election? That will help Labour, surely.

    He said he would stand and resign if national lost.
    I think he wants to match or beat Holyoakes record .



  • Getting back to Little after turning up to an overcrowded house last week that wasn't overcrowded you'd think he would have put more effort into last nights speech . First he claims WS are all $50 a week worse off ( with no evidence of how he came to this, low petrol prices , interest rates and inflation have me scratching my head about that claim) then because he's so worried about it he's going to raise taxes? How can you have more money while paying more in tax?
    Also good luck selling the idea to Aucklanders that their property prices need to fall , the greens are economic Neanderthals but backtracked on that bloody quickly when the material girl ranted about how she wanted to see property prices fall live on tv.

    To be fair, any anti Labour person isn't going to see anything good in his speech and anything that is good is going to be put in a light that it is bad.

    He said he would stand and resign if national lost.
    I think he wants to match or beat Holyoakes record .

    Where did you hear that? I've been trying to find out whether he will stand again.



  • Little is a complete idiot.
     
    When he campaigned to be leader there was talk of Labour revamping itself to be more relevant to middle NZ and how they had realised that their old base of blue collar workers were now self-employed business people and associated far more with the parties that were business orientated.
     
    They have done none of that at all. The Unions still call the shots and the sooner someone starts a new party that marginalises Labour and the Greens into providing representation just for their core of Unions and Environmentalists the better.
    A new centre left party is badly needed.



  • To be fair, any anti Labour person isn't going to see anything good in his speech and anything that is good is going to be put in a light that it is bad.
    Where did you hear that? I've been trying to find out whether he will stand again.

    Claire Trevett is fairly pro labour, she was at the speech and here's her take http://m.nzherald.co.nz/politics/news/article.cfm?c_id=280&objectid=11643048
    He said quite a while ago he'd resign if he lost an election , he hasnt said anything about not standing . National would be pretty screwed without him.



  • but more screwed than a Little-lead Labour?



  • He said quite a while ago he'd resign if he lost an election , he hasnt said anything about not standing . National would be pretty screwed without him.

    Before the last election there was a certian amount surprise in some circles that he would do a third term as he had kiven clues that two was enough. I just assumed that if that was the case that 4 would certainly be one too many for him.
     
    Good on him though as I feel that he would only do this if he thought he could give three years dedication again. For someone with so much money, it must be one of the suckiest jobs he has had to do but he obviously enjoys it for the most



  • Where did you hear that? I've been trying to find out whether he will stand again.

    I'm meeting with him Friday :whistle: (ME & A COUPLE OF HUNDRED OTHERS) l'lI â€‹ask



  • I'm meeting with him Friday :whistle: (ME & A COUPLE OF HUNDRED OTHERS) l'lI â€‹ask

    Please do and pass on my regards! 🙂



  • AH Yes Prime Minister a bloke I know on the internet called Hooroo said to say Hi



  • To which he will reply "not THE Hooroo? You say hi back"



  • I'm meeting with him Friday :whistle: (ME & A COUPLE OF HUNDRED OTHERS) l'lI ​ask

    Can you ask how Max is? There hasn't been an article for a while now and I'm sure I'm not the only one who's a bit worried.



  • Can you ask how Max is? There hasn't been an article for a while now and I'm sure I'm not the only one who's a bit worried.

    I'm just hoping Hilary is able to work out here last hew days with as little stress as possible.
     
    So who else didn't bother voting last election ?



  • I always vote.



  • Sameage!