National breaking tax promises

The introduction of a land tax would be a broken promise, says ACT Leader David Seymour.

“National promised ‘no new taxes’ during the last election campaign. Then they introduced a travel levy and a capital gains tax. For the third time now, this promise could be broken, as the Prime Minister ponders a land tax. It’s another example of National campaigning from the Right and governing from the Left.

Pay-as-you-go provisional tax a win for businesses

The move from provisional tax to a pay-as-you-go system is a significant forward step for New Zealand’s tax policy, says ACT Leader David Seymour.

“This will be a long-awaited relief for many self-employed and business-owning Kiwis.

“The efficiencies of digital payments and accounting mean that a pay-as-you-go system has been overdue for some time. Our laws need stay in line with technological advances.

“Lower and simpler taxes should be important to any centre-right government so it’s good to see National address one part of that equation.

National’s $2 billion tax theft shame

National will have taken an extra $2.1 billion from the taxpayer’s back pocket by the next election as inflation pushes Kiwis into higher tax brackets, according to new figures released by ACT Leader David Seymour.

“In 2004, John Key lampooned the Labour government for their refusal to end bracket creep. But now National is perfectly happy to bleed the taxpayer for extra revenue through stealth tax hikes. It’s an all-too-common example of National campaigning from the right and governing from the left.

Virgin Australia costing the NZ taxpayer $18 million

ACT Leader David Seymour says reports that Virgin Australia is in dire financial straits are a concern for all New Zealand taxpayers.

“The New Zealand Government owns 51 per cent of Air New Zealand and according to media reports Air New Zealand has put more than $420 million into Virgin Australia. But the investment is now worth $35 million less. For taxpayers, that represents a loss of $18 million so far.

Seymour calls on Government to remove iwi tax exemption

ACT Leader David Seymour has congratulated Go Bus for their significant contract win, picking up four South Auckland public transport contracts.

However it is also a demonstration of how lower tax rates make businesses competitive.  “As an Iwi-owned trust, Go Bus receives favourable tax treatment,” says Mr Seymour. 

Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Bill - First Reading

DAVID SEYMOUR (Leader—ACT): I rise on behalf of the ACT Party in support of the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Bill. This is a bill that takes in a number of very interesting matters of taxation policy and when I think about them—

Grant Robertson: Tell us about them.

Netflix tax should be offset with tax cuts

The Government should offset any revenue produced by its ‘Netflix tax’ with cuts to company or personal tax rates, says ACT Leader David Seymour.

“If this tax is really about levelling the playing field for local businesses, and not just another revenue grab, then National should have no problems offsetting the cost of this tax through tax cuts elsewhere,” said Mr Seymour.

Surplus shows no excuse for stealth tax hikes

The government’s return to surplus means it can no longer justify relying on bracket creep to inflate revenue, says ACT Leader David Seymour.

“Despite the Government’s improving financial status, household tax bills continue to rise as inflation pushes income into higher tax brackets,” said Mr Seymour.