Revenue

democracy and international relations

Trickle-down tax cuts while the planet and social contract burns

The Government’s bloody-minded commitment to delivering trickle-down tax cuts at all costs comes at the expense of investment in people and planet. “The Government has today pledged their allegiance to inequality through an unfair and unproductive tax system,” says Green Party co-leader and Finance spokesperson, Chlöe Swarbrick.  “While their Fiscal Strategy says they are committed to a more productive economy, they have made decisions to entrench a tax system that does the opposite. Once again, they’ve cherry-picked statements from the IMF...

Posted at May 30, 2024 3:34 PM by Chlöe Swarbrick

democracy and international relations

We don’t need to engineer a recession, Government can tax wealth

The Green Party is calling on the Government to take responsibility for reducing inflation by taxing wealth instead of leaving RBNZ to continue hiking the Official Cash Rate.“We know that inflation hits lower-income New Zealanders who spend the majority of their income covering the essentials like food and rent the hardest. We know that recessions also hit those same low-income people hardest, because they have smaller savings and tend to be in more precarious employment. “Instead of relying on the...

Posted at May 24, 2023 2:18 PM by Chlöe Swarbrick

democracy and international relations

Richest NZers don’t pay their fair share - and Parliament can fix it

Long awaited High Wealth Individual Research released by Minister David Parker’s office today shows, again, the Government must act to tax wealth and create a fair economy.“New Zealanders have long felt what has today been confirmed by Government research: our tax system is unfair. The wealthiest pay less than half the effective tax of the average family,” says Green Party revenue spokesperson Chlöe Swarbrick. “Rules put in place by successive Governments privilege wealth hoarding. Not only are these rules unfair,...

Posted at April 26, 2023 12:37 PM by Chlöe Swarbrick

democracy and international relations

Persistent inflation shows urgent need to tax wealth

The Green Party is calling on the Government to tax the super wealthy as inflation, largely driven by continued increases in the cost of essentials like food and housing, persists.“Inflation hits lower-income families the hardest, who spend the majority of their income covering the essentials like food and rent. Wealth and income inequality in this country is a political choice. The Government needs to act,” says Green Party revenue spokesperson Chlöe Swarbrick. “The solution is taxing wealth and excess profits...

Posted at April 20, 2023 11:18 AM by Chlöe Swarbrick

democracy and international relations

RBNZ don’t need to engineer a recession, Government can tax wealth

The Green Party is calling on the Government to take responsibility to reduce inflation by taxing wealth, instead of leaving RBNZ to continue hiking the Official Cash Rate.“Economists estimate over-reliance on unconventional monetary policy throughout COVID-19 resulted in a huge transfer of wealth to some of the richest in Aotearoa,” says Green Party revenue spokesperson, Chlöe Swarbrick. “Now, conventional monetary policy tools are being used to bake in that inequality. “Worse than that, RBNZ Governor Adrian Orr admitted in response...

Posted at April 05, 2023 2:09 PM by Chlöe Swarbrick

democracy and international relations

When even the Nats agree bank profits are out of control, it’s time for an excess profits tax

With calls growing for inquiries and action on bank profits, the Greens say the Government has all the information it needs to act now and put a levy on banks.“Four Australian banks made $180 a second in the past year while lower income New Zealanders spent ever more of their income on essentials,” says Green Party revenue spokesperson, Chlöe Swarbrick. “These banks make, on average, adjusted for income, 20% more from New Zealand customers than their Australian counterparts. “There’s a...

Posted at March 08, 2023 10:17 AM by Chlöe Swarbrick