AUDIO: John Key - 20 June - Wallace Chapman

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20 June 2007
AUDIO: John Key - 20 June - Wallace Chapman

20 June. Interview with Radioworks' Wallace Chapman. John talks about "bracket creep" in the tax structure and how it has changed the shape of the New Zealand taxation landscape to our disadvantage against such neighbours as Australia. Wallace asks about John's meeting with the Dali Lama which took place during a formal meeting with National's Foreign Affairs Spokesman, Murray McCully. Unlike some others, John met with the Dali Lama in his official capacity as leader of the National Party and he explains his decision.

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NEWSLETTER: KeyNotes # 13
Putting Trades and Industry back into our schoolsTechnology training in schools is in crisis. Schools are being forced to cancel or reduce their trades training programmes. There is a shortage of teachers, and a lack of resources and direction from the Go

Weblog: John Key
Tracked: Jun 29, 16:50

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#1 - Timothy M Hutton 2007-06-30 08:39 - (Reply)

WRT - Trades Training Programmes. My 3rd point is that your proposed schemes should be designed bearing in mind that while industry applauds the need to do something, actual financial support support, and training offered by businesses will be limited, in the absence of an incentive scheme that offsets the costs of training school leavers who, once trained, are engaged by businesses that do not participate. WRT - Bracket Creep. I do not believe you can attribute the slower increase in NZ Real wages viz a viz Australia to Bracket Creep. Australia's faster growth is more likely a reflection of the increase in mineral prices. Better to explain the slower increase in real wages as attributable to a combination of Bracket Creep and and lower improvements in productivity.

#2 - Gideon Pieters 2007-06-30 09:12 - (Reply)

Hi, I am expected a much more aggresive approach to this from both media as well as National. In the Netherlands the tax brackets are coupled CPI, which I thought to be normal in western countries. You should be hammering that they increase tax each year by not increasing the tax brackets. The tax cut next year will not be a tax cut, all it will be is a inflation correct with the government taking the interst of that money for the last 8 years. If you have the guts, increase the GST and lower in the income tax. If spending is such a real problem, tax consumption, not income. It will take the heat out of the housing market as it would reduce the tax benefits of LQC's. I'm sure you get the logic of this.

#3 - Worick Tai 2007-06-30 16:51 - (Reply)

Bracket Creep. Will National amend tax rates to reduce the PAYE burden upon the middle income NZ? .... My preference is for a two tier PAYE system. If NZ taxed the low to middle income earners @ 19% up to (say) $120K pa, it would stimulate more growth in the economy and ease the burden on up the middle class NZ in particular. The top personal tax rate should equal the top business rate tax rate (30%). To curb inflationary effects would National consider increasing GST to 15%? Local and Central Govt Levies/taxes should also be exempt from any GST liability. Taxing a tax is just down right wrong. NZ needs to simplfy its taxation system to make this country an attractive place to invest and live. So reduce the PAYE tiers, widen the band between the two tiers, align the top personal tax rate to the top business tax rate, raise GST, and exclude GST on all levies and payments imposed by central and local govt. To curb inflationary spending, incentivise schemes like benefits of Kiwi Saver, and use the money those funds generate to invest back into the infrastructure of NZ. ** Announce a programme to implement the new system over the next 7 years, and National's time in Government will be assured!

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