The National Government’s research and development (R&D) strategy has failed, with a lower proportion of businesses now engaging in R&D than when they took office, the Green Party said today.
Today’s OECD environmental report has highlighted the urgent need for New Zealand to change direction and move to a low carbon, green economy, the Green Party said today.
The OECD has said that New Zealand has the second-highest level of emissions per unit of GDP in the developed world. We also have the fifth-highest emissions per capita.
Today’s disappointing GDP numbers fail to capture what’s really going on in the New Zealand economy and with our day-to-day lives, the Green Party said today.
Gross domestic product (GDP) statistics released today by Statistics New Zealand show that the official part of the New Zealand economy grew by 0.4 percent in the December 2016 quarter. Per capita GDP — a better reflection of people’s wellbeing — actually went backwards by 0.2 percent due to population increases.
BARRY COATES (Green): Tēnā koutou e ngā mema Pāremata. I rise to speak about the tax bill.
Mr DEPUTY SPEAKER: A 5-minute call.
The Panama papers revealed the sordid detail of the policies of this government. John Key’s personal lawyer lobbied for nothing to be done, even though the Greens and IRD had warned of the damage to our international reputation. NZ was advertised around the world as a good place to park your billions without any tax authorities knowing. We became part of the massive problem of tax havens, allowing the wealthy to get away with paying little tax while wage and salary earners shoulder most of the load.
This year is our chance to turn the tide on growing inequality in New Zealand with a change of government, the Green Party said today.
Finance Minister Steven Joyce is failing to show any moral or political leadership by continuing to allow Government-owned funds to invest New Zealanders’ money in some of the world’s most polluting companies, the Green Party said today.
Radio New Zealand reported this morning that the New Zealand Superfund has $77 million invested in 47 coal companies that the Norwegian Government’s Pension Fund – the largest sovereign fund in the world – has blacklisted.
The National Government has failed to stop high income earners from avoiding paying their fair share of tax, the Green Party said today.
IRD released aggregated tax data last week which shows a suspiciously high number of people last year declared their income just before the top tax rate threshold at $70,000. The (highlighted) spike is strong evidence of tax avoidance behaviour. (The lower spikes represent welfare and superannuation payments.)
The Government’s improving books give it scope to address the long-term deficits National has been running in health, housing, and the environment, the Green Party said today.
The Treasury’s Half Year Economic and Fiscal Update, out today, forecasts the Crown’s fiscal position to steadily improve so that by June 2021, surpluses are expected to rise to $8.5 billion and net debt to reduce to 19 percent of GDP.
New measures that will sit alongside GDP to chart the nation’s progress, as well as compulsory country-of-origin labelling on food, will be debated in Parliament following today’s Member’s Bill ballot.
The Green Party had two bills pulled from the ballot today: Co-leader James Shaw’s Public Finance (Sustainable Development Indicators) Amendment Bill, and MP Steffan Browning’s Consumers’ Right to Know (Country of Origin of Food) Bill.
“GDP is a highly imperfect measure of our country’s progress,” said Green Party Co-leader James Shaw.