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James Shaw MP on Friday, June 9, 2017 - 15:15

Fewer than 70 out of 11,645 New Zealand foreign trusts have reregistered under tougher new disclosure requirements with only three weeks left to go before the final deadline, the Green Party said today.

Parliamentary questions lodged by the Green Party also show that IRD has proactively de-registered 1,797 foreign trusts since February (see below).

“New disclosure requirements are finally shedding some light on this shady industry,” said Green Party Co-leader James Shaw.

Maram Davidson, Green Party MP

Mr Speaker, this bill is part of a budget package that reminded me of a scene from the movie “Mad Max Fury Road”.

 

 

 

E te Māngai o te Whare, tēnā koe.

Ki a koutou, huri noa i te Whare, ngā mihi o te wā ki a koutou katoa.

 

Mr Speaker,

The big headline in today’s Budget is a $2 billion Family Incomes Package.

After nine years of increasing hardship for low-income families, now, in an election year, National makes yet another headline-grabbing announcement to make it look like they’re doing something about it.

And it sounds great.

But a quick glance at today’s announcement suggests the following:

James Shaw MP on Thursday, May 25, 2017 - 14:56

Steven Joyce’s first – and final – Budget gives with one hand, takes away with the other, and gives the biggest break to the wealthiest New Zealanders, the Green Party said today.

“National has always been long on grand announcements and short on real results. Steven Joyce’s first – and final – Budget is no different,” said Green Party Co-leader James Shaw.

“The only pie Bill English should be eating today is humble pie. We’ve had nine years of National in government and there is a decent surplus and all we’ve seen today is more tinkering.

James Shaw MP on Monday, May 22, 2017 - 10:58

The Government was told in 2011 by its own Savings Working Group that property investment enjoyed unfair tax advantages over savings, but National has consistently ignored the advice and the housing crisis it has fuelled, the Green Party said today.

A new book, Tax and Fairness, out this month says an unfair tax system works in favour of property investors over everyday savers and KiwiSavers.

James Shaw MP on Tuesday, May 9, 2017 - 10:10

National should follow today’s advice from the International Monetary Fund (IMF) and implement deposit insurance to protect New Zealanders’ savings, the Green Party said.

The IMF’s Financial Sector Assessment Programme recommended today that introducing deposit insurance is “the best option” to strengthen the Reserve Bank’s crisis resolution framework.

on Sunday, May 7, 2017 - 18:13

Thousands of heavily-mortgaged first home buyers in Auckland could be hit hard by rising interest rates, thanks to out of control house prices, according to documents released to the Green Party under the Official Information Act.

An email from Reserve Bank analysts to senior Beehive staff in January 2017, titled “response to PM’s questions”, highlights a “significant likelihood of financial distress” for people who have recently got mortgages in Auckland, in the event interest rates rise as predicted.

James Shaw MP on Thursday, May 4, 2017 - 11:58

New data shows rising rents are hitting people on modest incomes and beneficiaries in the pocket, while the cost of living for wealthier households is more manageable, the Green Party said today.

James Shaw MP on Thursday, April 13, 2017 - 11:47

A capital gains tax on property speculators is urgently needed to rebalance the housing market, as the median nationwide house price rose to over half a million dollars today, the Green Party said.

“New Zealand under National has become a housing speculator’s paradise, and normal working families are paying the price,” said Green Party Co-leader James Shaw.