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'No bold plan' - Goff condemns Key's tax reform

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Phil Goff

Tue, 09 Feb 2010 4:53p.m.

Prime Minister John Key has signalled an increase in GST, across-the-board tax cuts and getting more tax out of property investors.

In his opening statement to Parliament Mr Key ruled out land and capital gains taxes, but said he was "carefully considering" increasing GST up to 15 percent to fund personal income tax cuts.

The GST increase would raise about $2 billion to fund the cuts and tax structure reform.

Labour leader Phil Goff has lambasted Mr Key after his announcement, saying his tax reform benefitted only those in the top tax bracket, and an increase in GST is a disadvantage to the poor.

Watch Phil Goff's full speech

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Comments [4]

So Stupid

09 Feb 2010 9:50p.m.

I think its highly idiotic to support this system of tax reform, increased GST, lowered taxes for people who already have enough money.

Considering a capital Gains tax could have netted IRD 4.5 Billion dollars a year how else are we expected to get out of deficit with rich men like key paying less taxes.

This is a buddy tax package the rich get richer and everyone else gets screwed.

Nathaniel Turner

09 Feb 2010 7:41p.m.

Phil Goff is quick to critisize but offers no alternatives. Perhaps he should spend less time complaining and more time thinking of solutions.

Brian

09 Feb 2010 7:21p.m.

Goff, you have followed on from the idiot brigade - cc - and you are just as useless. You are the "official" opposition but you may as well hand over the reins to Bill Anderson, or the greenies or just abdicate totally. You as an opposition, is a nothing, even worse than a zero. Do yourself - and the rest of us - a favour. TURN ON what brain power you "may" have left - doubtful if any - and start looking at what is best for NZ rather than yourself.

katrina

09 Feb 2010 5:28p.m.

The GST increase should only be on luxury items ie exclude food, fuel etc.

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