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Reserve Bank highlights need for more Govt action on housing crisis
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. “The Government’s blaming everyone but itself for the housing crisis,... -
Government can clean up foreign trusts tonight
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... -
Unemployment and housing crisis trump Crown accounts
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... -
Govt must start again with foreign trusts inquiry
http://www.stuff.co.nz/business/79714914/the-panama-papers-new-zealand-link-revealed -
Govt keeps handbrake on electric vehicles
Simon Bridges’ lacklustre electric vehicle announcement today will do little to increase the number of electric vehicles on New Zealand roads, the Green Party said today. “Sadly, National has failed to make electric cars more affordable and accessible for New Zealanders,” said Green Party transport spokesperson Julie Anne Genter. “The policy is actually unfair and counterproductive. Those wealthy enough to afford electric vehicles will be exempt from paying to maintain the roads we all drive on, and will be allowed... -
Govt’s housing failure hurting the rest of the economy
The Government’s failure to fix Auckland’s broken housing market has forced the Reserve Bank to keep the Official Cash Rate (OCR) higher than normal hurting exporters and jobs, the Green Party said today. The Reserve Bank kept the OCR unchanged today at 2.25 percent despite economic conditions that favour further cuts. The Bank cited high Auckland house prices and a need for additional housing supply there. “Housing market pressures are building in some other regions,” it added. “National’s failure to... -
Let KiwiRail compete for road dollars
27 April 2016 National should let KiwiRail compete for funding from the enormous roading budget and scrap the two-tiered funding system which grossly favour costly highway projects, the Green Party said today. The comments come following a report by KiwiRail showing it considered shutting down its entire freight business to meet the Government’s requirements to deliver a short-term profit. “The $3 billion a year in National’s transport budget should be opened-up to be invested in rail, not just roads," said... -
Electric buses arrive on time
Wellington bus operator Infratil’s decision to repower its iconic electric trolley buses with electric drivetrains is a victory for the environment and all those who campaigned to keep clean buses in the capital, the Green Party said. “Electric buses will be excellent for Wellington’s air quality and for reducing our contribution to climate pollution,” said Green Party transport spokesperson Julie Anne Genter. “I want to congratulate Infratil for making a good decision, and also congratulate the people who signed postcards... -
Low inflation hides cost of housing crisis
Low inflation in the Consumer Price Index (CPI) hides the way the housing crisis is hitting peoples’ pockets and distorting our economy, the Green Party said today. The CPI showed that inflation was 0.2 percent in the March 2016 quarter and 0.4 percent for the year to March 2016, but housing costs rose 3 percent in the year. MBIE data shows rents across the Auckland region rose on average 5.2 percent in the last 12 months. “Low oil prices mean... -
Govt should stop foreign trusts operating secretly in NZ
The Government must stop allowing the foreign trust industry to operate in secret here to prevent New Zealand becoming a tax haven for criminals, the Green Party said today. New Zealand foreign trusts have again been implicated in money laundering, tax avoidance, and criminal activity following a massive document leak from a Panamanian law firm Mossack Fonseca. The documents reportedly show that New Zealand is being used by overseas investors to keep tax secrets. “New Zealand is today being described...