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United Future
Since: Aug 2007
Posts: 314

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Dunne: UF the consistent tax cutters

UnitedFuture leader Peter Dunne is pleased, but not surprised, that the Labour-led government has now committed itself publicly to personal tax cuts in next year’s Budget.

“It has long been a fact that whenever you put UnitedFuture close to government, tax cuts follow,” he said.

“The $3.4 billion worth of business tax reforms announced in last year’s Budget – strongly pushed by UnitedFuture in its confidence and supply agreement with Labour – clearly signalled there would be consequent personal tax cuts.

“It’s time for New Zealanders to reap the rewards of a booming economy, and while some have already from Working for Families tax credits, cheaper doctors’ visits and lower prescription costs, there’s no substitute for personal tax cuts allowing Kiwis to decide for themselves how they will spend their own money.

“We now know – indeed it’s been obvious for some time – that the surpluses the Government has been gathering are structural and not one-off accidents, so it really is time to let New Zealanders enjoy the fruits of their labours,” said Mr Dunne.


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Simon Cowell
Since: Feb 2008
Posts: 2

It is a positive step that business tax cuts have been implemented. However, will further tax cuts be at a cost to social spending or has a view that tax cuts allow the 'pie' to grow through perceived greater economic growth been taken?

Also, apart from continuing Labour's KiwiSaver scheme, what plans do UF have to encourage saving? Practical examples used overseas include the UK's ISA scheme which allows any gains (either interest, capital or dividend income) on GBP 7k worth of cash and fund/stock investments to be tax free per annum.

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