Cut Corporate Welfare Before Going After ‘Rich Pricks’

BY ACT at 14 March, 2018


 

“The Government should be focussed on reducing wasteful spending before introducing new taxes”, says ACT Leader David Seymour.

 

“$1.6 billion of corporate welfare is doled out to politically-connected businesses each year. If Grant Robertson was able to do away with this expenditure, he would be able to cut the corporate tax rate by 6 percentage points – boosting wages, jobs, and growth – rather than increasing it as he intends.

 

“The outcome


Grant Robertson’s $4m Hollow Elephant

BY ACT at 23 November, 2017


“The Government’s announced $4m Tax Working Group has already ruled out so many options it should be pronounced Dead on Arrival and stopped” says ACT Leader David Seymour.

“Its terms of reference make it so barren it is reminiscent of Grant Robertson’s overegged ‘Future of Work’ project, which ended up reading like a c-grade social studies project.  The problem is now he’s playing with other people’s money, and the remaining ‘in-scope’ parts are dangerous and stupid.

“The


Ignore the tax cut rhetoric, National still thinks you’re a rich prick

BY David Seymour at 25 June, 2017


“Tax-cutting rhetoric from the Prime Minister is encouraging, but history shows we’ll need a stronger ACT to turn rhetoric into action,” says ACT Leader David Seymour.

“The only time National has cut tax rates this century was in 2010 when ACT held the balance of power.

“Since then, National’s record on tax has been dismal. Instead of reducing the tax burden like a centre-right government should, they’ve allowed bracket creep to push people into higher


Widespread disappointment at company tax cut failure

BY David Seymour at 26 May, 2017


Business groups and commentators have echoed ACT’s disappointment at the Government’s failure to cut company tax, to adjust the top personal tax threshold, and to index tax brackets to inflation.

Federated Farmers: “Federated Farmers is disappointed there was no movement in the threshold for the top rate of income tax or for the company tax rate. Too many taxpayers will continue suffering the effects of several years of fiscal drag and our company tax rate


Budget 2017 forgets that companies exist and deserve tax cuts

BY David Seymour at 25 May, 2017


“While the countries we compare ourselves to around the world are cutting company tax rates, our Government does nothing,” says ACT Leader David Seymour.

“The Government has pages upon pages of its business growth agenda, and billions in funds for grants, subsidies, and “partnerships”, but somehow it can’t find room in this budget to reduce their tax rate.