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Friday, May 13, 2016 - 10:47

New data that shows business executives received 12 percent pay rises last year, on average, while over 40 percent of all working people received no pay rise at all shows we need action to rebalance our economy, the Green Party said.*

“The evidence is clear that economic inequality creates serious social issues – but we can address these issues by taxing the highest earners a bit more. They can afford it,” Green Party workplace relations spokesperson Denise Roche said.

Julie Anne Genter MP
Thursday, May 12, 2016 - 13:44

Taking more tax cuts off the table was the right move for Bill English to make in his pre-Budget speech today, the Green Party said.

“It’s good that the Government has realised that tax cuts aren’t the kind of medicine our economy needs right now,” Green Party finance spokesperson Julie Anne Genter said.

“National’s tax cut bribes have historically benefitted people on high incomes, and come at the expense of fixing problems like child poverty and the housing crisis.

Julie Anne Genter MP
Wednesday, May 11, 2016 - 10:52

It’s time for the Government to act to solve the housing crisis as the Reserve Bank again called for stronger Government action, the Green Party said.

“The Government is moving too slowly and cautiously on housing, but actually there are many things it could do right now that would make a difference, including a proper capital gains tax (excluding the family home),” Green Party finance spokesperson Julie Anne Genter said.

Julie Anne Genter MP
Tuesday, May 10, 2016 - 12:44

The Government can start the clean-up of the foreign trust industry as early as tonight by supporting the Green Party’s proposed changes to a Government tax bill being voted on this evening.

Green Party finance spokesperson Julie Anne Genter will put forward an SOP to the Government’s Taxation (Transformation: First Phase Simplification and Other Measures) Bill that will require trustees, settlors, and beneficiaries of foreign trusts to disclose to the IRD their name, date of birth, address, passport number and country of residence tax number when setting up a trust.

Julie Anne Genter MP
Tuesday, May 10, 2016 - 11:07

The Government’s financial update today shows its focus on maintaining a wafer-thin surplus has come at the expense of real ideas about how to tackle the big economic problems we face, like child poverty, unemployment, and the housing crisis, the Green Party said.

Government Financial Statements for the nine months to 31 March 2016, the last update before the Budget on 26 May, showed a modest $167 million operating balance before gains and losses and net government debt of $63.3 billion.

Saturday, May 7, 2016 - 14:45

The Prime Minster today should have come out and promised he’d throw everything he’s got at cleaning up foreign trusts, and stamping out the tax avoidance industry, the Green Party said today.

 

“It is extraordinary to see our Prime Minister call a press conference to defend tax avoidance and dodgy practices in the New Zealand foreign trusts industry,” said Green Party Co-leader James Shaw.

Julie Anne Genter MP
Friday, May 6, 2016 - 18:32

The Green Party is calling for the Government to start again and broaden the scope of the Shewan Inquiry, following new evidence from the Panama Papers of New Zealand’s role in the global web of tax avoidance, uncovered by the Australian Financial Review.

“The Government needs to go back to the drawing board and start a much more comprehensive inquiry into allegations that New Zealand is becoming a destination of choice for ultra-wealthy people seeking to avoid paying tax in their home countries,” Green Party finance spokesperson Julie Anne Genter said.

Wednesday, May 4, 2016 - 14:36

Rising unemployment shows how National’s economic mismanagement has failed to deliver enough jobs for New Zealanders, the Green Party says.

“Ten thousand more unemployed people is ten thousand real life tragedies for people hunting for work, and their families,” Green Party Co-leader Metiria Turei said.

Friday, April 29, 2016 - 11:27

The Green Party is asking the Prime Minister to tell New Zealanders why he failed to mention that his own lawyer was the person in the foreign trust industry he’d discussed foreign trusts with and referred on to the Revenue Minister.

Friday, April 29, 2016 - 09:02

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed.

Correspondence obtained by the Green Party shows that the Prime Minister’s lawyer Ken Whitney initiated a lobbying campaign that started with the Prime Minister and appears to have successfully stopped the IRD from reforming the foreign trust regulations in 2015.