Phil Goff

Fuel Taxes Lead to Blackmarket

The General Manager of the independent fuel retailer Gull New Zealand Dave Bodger has decried the Auckland City Council’s proposal to use a regional fuel tax to fund public transport projects and infrastructure improvements.

New Zealanders Want an Earthquake Tax

The Green Party of New Zealand has revealed the results of a recently commissioned survey which shows that a large number of New Zealanders are in favor of a temporary tax to help fund the cost of rebuilding Christchurch.

Coming Tax Changes Will “Rebalance” Economy

The upcoming changes to the national tax system are expected to greatly improve the economy, and aid the country’s recovery from the recent Christchurch disaster and financial downturn.

Income Splitting is Flawed and Costly

Peter Dunne’s income splitting proposal has hit a new roadblock after it failed to win the approval of the New Zealand Finance and Expenditure Committee.

New Spending to be Cut from Budget

New Zealand is set for a period of austerity and budget cuts, as the government faces the economic realities and repercussions of February’s earthquake in Christchurch.

Sep 17, 20090

Phil Goff Promises No Tax Rise

Categories: New Zealand Finance, New Zealand Taxation

Labour Party Leader Phil Goff has made a myriad of promises to New Zealand in regards to his party’s future taxation ideas. On the 12th of September at a Labour Party conference in Rotorua, Phill Goff, Labour Party leader vowed that if Labour were to be re-elected there would be no rise in personal taxation, GST or introduction of Capital Gains tax. The concession on the capital gains tax remains that it applies exclusively to first homes and not investment and rental properties. It ... Read More

Feb 10, 20090

Minimum Wage Raised

Categories: New Zealand Finance

The New Zealand minimum wage has been raised from $12 to $12.50. The Government has announced that as of the 1st of April 2009, the new minimum wage will rise from $12 to $12.50. The youth training and new entrant wage will also rise from $9.60 to $10. This equates to a 4.16 % rise in the minimum wage rate and the same in the new entrant wage. This percentage increase is above last year’s annual inflation rate of 3.4%. New Zealand Prime Minister ... Read More

Oct 16, 20080

NZ-China FTA into Force

Categories: International Finance, New Zealand Finance

On the 1st of October, a Free Trade Agreement between China and New Zealand came into force. The Free Trade Agreement (FTA) between China and New Zealand was signed on the 24th of July. It was passed with a 104 for and 17 votes against in the New Zealand Parliament on the 7th of April. The Trade Minister Phil Goff was quoted as saying that the new FTA offered great opportunity for New Zealand to move into the world’s fastest growing market (China). ... Read More

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