ACT’s plan to boost wages

BY David Seymour at 24 April, 2015


ACT Leader David Seymour is proposing a programme of one per cent per year reductions in the company tax rate.

Company tax would drop by a percentage point each year for eight years, to a target of 20%.

“In Budget 2015, the Government should be signalling continuous improvement in our business environment, and this proposal does that,” said Mr Seymour.

ACT’s proposal would reduce revenue by around $170-180 million each year, which could be funded


National looks after everyone but taxpayers

BY David Seymour at 1 April, 2015


“National is parading its indexation of welfare payments while refusing to do the same with tax brackets,” says ACT Leader David Seymour.

“Benefits were adjusted for inflation today. What about the workers? Tax brackets should be adjusted too.

“This fiscal year, a person on the average income will pay another $378 in tax as inflation pushes them into higher brackets, even if they have no increase in real spending power. They have already paid an


Question for Oral Answer – Bracket Creep

BY David Seymour at 25 March, 2015


Delivered by ACT Leader David Seymour. March 19, 2015 Video is available here.

DAVID SEYMOUR (Leader—ACT) to the Minister of Finance: In light of his statement in the House on 11 March that low inflation “makes it more challenging for the Government because higher inflation pushes up the tax base and enables us to collect more tax in a growing economy”, does he agree that this phenomenon of fiscal drag is just another


Time to end stealth tax increases

BY David Seymour at 19 March, 2015


ACT Leader David Seymour has today called for an end to the stealth increase of tax rates through bracket creep.

“Each year, inflation pushes a larger proportion of New Zealanders’ incomes into higher tax brackets, regardless of whether they’ve had an increase in real earnings,” said Mr Seymour.

“Tax brackets should be adjusted for inflation.

“Even with low inflation this stealth tax of ‘bracket creep’ means that the average household is $1036 worse off since