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Media release from the Taxpayers' Union

MEDIA RELEASE

LABOUR WANTS TO CHASE AWAY GOLDEN GOOSE

25 JUNE 2014
FOR IMMEDIATE RELEASE

Responding to this afternoon’s policy announcement that Labour will introduce a new 36% tax rate for income over $150,000, Jordan Williams, Executive Director of the Taxpayers’ Union says:

“The 2 per cent of New Zealanders who earn over $150,000 already pay 22 per cent of the total. We can’t expect high earners to stay in New Zealand if we continue to slap more tax on those most able to relocate."

“We are stunned that just as New Zealand gets back into surplus Labour wants to increase the tax burden rather than give New Zealanders tax relief."

"Raising taxes will not raise more revenue, it will chase away the golden goose."

ENDS

ENQUIRIES:

Jordan Williams
021 762 542

NOTES TO EDITORS:

The New Zealand Taxpayers’ Union is a non-partisan activist group, dedicated to being the voice for Kiwi taxpayers in the corridors of power. It’s here to fight government waste and make sure New Zealanders get value for money from their tax dollar.

The Taxpayers’ Union operates a 24 hour media line for comment on taxpayer issues. Representatives are available on (04) 282 0302.

High resolution images and logos are available on request or online at http://www.taxpayers.org.nz/pages/resources