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Tax reforms to signal end of Kiwi Made?

By / 28 July 2008

The Government’s omnibus tax bill is set to incentivise New Zealand companies to relocate their manufacturing offshore.

It would appear, sometimes, as though the gap between Labour and National can be measured in terms of microns….

Gordon Campbell has a few things to say about this:
http://election08.scoop.co.nz/gordon-campbell-on-the-killing-of-local-manufacturing/

Jo Doolan put it this way in the Independent Financial Review a couple of weeks ago,: “If you manufacture in a country such as China [ think as an example : Icebreaker ] your income won’t be taxable in New Zealand…while I applaud this as a measure that makes us more competitive internationally, I worry about how much business this could drive offshore.” Me too. Especially when the Bill is being packaged as the very opposite. Page two of the Bill for instance says: ‘ The current rules impose additional tax costs on globally connected firms that are not faced by firms resident in other countries. This difference, more pronounced over time, is creating an incentive for New Zealand firms to migrate, in particular to Australia.“

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About us

This site is run by the Social Justice Commission of the Anglican Church.

We seek to nurture justice spirituality and imagination, and engage in advocacy in all areas of life, overcoming poverty and transforming violence.

We encourage people to think and live “justly”, and emphasise debate and action on local, national and global issues.

Although we are Anglican, our vision isn’t so much about being Anglican. It’s about living justly. Justice is about how you live your life, and being just where we are. Working together, we can all flourish.

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