Tomorrow’s Budget needs to announce a new, transformative plan to fix the housing crisis, the Green Party said today. Finance Minister Bill English will deliver his eighth Budget tomorrow and it’s likely it will contain no significant new measures to address rampant speculation in the housing market or the lack of affordable homes being built. “We’re becoming one of the only countries in the world that makes it easier for people to buy their second, third, or fourth house instead...

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. “When...

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. “There...

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,...

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...

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...

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. “We are calling on the Prime Minister to come clean about New Zealand’s role in...

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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. “The Government keeps saying that good times are just around the corner but actually, for the 144,000 New Zealanders who are looking for a decent job now, those good times never seem to arrive. “National is too...

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. The Green Party revealed yesterday that the Prime Minister’s lawyer, Ken Whitney, wrote to the Revenue Minister in late 2014 with his concerns about an Inland Revenue Department (IRD) review of foreign trusts, claiming the Prime Minister had told...