The Commerce Commission’s decision to allow Z Energy to buy Caltex can only undermine the competition in the fuel industry that is needed to ensure New Zealanders pay the lowest price for petrol, Labour’s Consumer Affairs spokesperson David Shearer says.
“This is an essential industry and needs the greatest amount of competition possible, not have it reduced. Sadly, petrol is going the same way as a number of other essential industries, meaning New Zealanders are typically paying higher prices for goods here than they would in Australia.
Revelations that John Key's personal lawyer and trust advisor led a lobbying campaign to shut down a review of New Zealand's foreign trust regime makes the case for a full scale independent inquiry a matter of urgency, Labour's Finance spokesperson Grant Robertson says.
“Nothing less than an independent inquiry led by a person of the stature of a Judge with the ability to call witnesses and subpoena evidence will restore confidence from taxpayers in the fairness of our system.
It’s a damning indictment on the Government that as workers gather to remember their lost workmates on Worker’s Memorial Day, New Zealand’s workplace death toll is still far too high, Labour’s Workplace Relations and Safety spokesperson Iain Lees-Galloway says.
“At least 46 people have died at work in the last year including 16 farm workers.
The Minister for Land Information must investigate and disclose how many applications to the Overseas Investment Office (OIO) have links to Mossack Fonseca, says Labour’s Land Information spokesperson David Cunliffe.
“Labour can now reveal the OIO approved an application from Panamanian company Ceol & Muir – a client of Mossack Fonseca – to purchase the 1300ha landmark Onetai Station at Awakino in North Taranaki in February 2014.
John Key’s proposal to appoint a ‘tax expert’ to review our foreign trusts doesn’t go far enough and he must instead launch a full independent inquiry into the details coming out of the Panama Papers, says Opposition Leader Andrew Little.
“New Zealand’s reputation is being sullied around the world. It is essential we regain our international respect and fix these issues.
The Government has dropped the ball with Michael Woodhouse admitting in the House today that Ministers have never sought any advice from Treasury on the extent and impact of multinational tax avoidance on the Government’s finances, says Labour’s Finance spokesperson Grant Robertson.
“It is extraordinary that a Minister would say investigating tax avoidance from major overseas corporates is ‘a waste of time’ as he did at Question Time. It’s a stunning admission given the loss of revenue could run into the billions of dollars
John Key must come clean about what he knew and what he has done about New Zealand becoming a haven for rich foreign investors looking to hide their fortunes in secret trust accounts, Opposition Leader Andrew Little says.
“New Zealand’s reputation is at risk from the reports emerging from the so-called Panama Papers. International media stories today directly mention John Key and his discussions with the Malta Prime Minister at the Commonwealth Heads of Government Meeting in November 2015.
Steven Joyce today admitted he’s got no idea of the size of his Ministry’s payroll liability six months after being told legal breaches were being investigated, Labour’s Economic Development spokesperson David Clark says.
“Employment lawyers say the majority of payroll issues relate to confusion caused by changes the Government made to the Holidays Act in 2011. The blame for any ambiguity in the law lies at National’s feet because they conducted a full review in 2010.
New Zealand’s growth per person is significantly lower than countries like the UK and America, showing our economy is driven by population growth rather than productivity, says Labour’s Finance spokesperson Grant Robertson.
“Along with flat per person growth, we have seen a fall in per capita real incomes. This means on average Kiwis are getting poorer. That’s because the key driver is population growth, not new businesses, industries and exports which is what’s needed to boost growth per person.