Economy
Implement a five year staged programme of tax reductions to an overall 18% tax rate so that New Zealanders can keep more of their hard earned money, and New Zealand can encourage more businesses and people to invest here Tighten up on welfare. We can't sustain 4% growth with 370,000 working age adults on benefits Reduce waste in government, replace the red tape and stifling employment law restrictions, and stop government departments from imposing taxes in the guise of user charges Conduct a zero-based review of regulations, a Regulatory Responsibility Act - rewrite Employment Relations Act, ACC, Resource Management Act and OSH - to make business friendly
Need for active Government. Preserve and expand the rail network. Buy back Contact Energy. The emergency unemployment benefit restored.
Continue to improve New Zealand’s efficient broad-based low rate tax regime Maintain contributions to the New Zealand Superannuation Fund thus continuing the government’s role as a net saver Increase funding for New Zealand Trade and Enterprise to expand and diversify exports Provide better value for money in the state sector by improving budgeting practices and regularly reviewing the effectiveness of existing spending lines Take a lead role in the Doha round negotiations, in particular to obtain a fair trading environment for agricultural exporting nations
Reduce the cost of doing business Fix the RMA Improve health and safety laws Bring in a new Act incorporating the best of the Employment Contracts Act 1991 and the Employment Relations Act 2000 Cut taxes to reward effort
Promote a balanced and flexible monetary policy of lower exchange and interest rates conducive to real export and employment growth Aim to treble exports, in real terms, by 2020 and will set goals to reach that target commencing with a major Campaign for Exports in 2006 Implement tax abatement and concession policies including a 20% tax rate on 'new export' net income Ensure that the government has first right of refusal on the resale of any former state assets, in particular infrastructure assets Facilitate the transition from the pay-as-we-go scheme through the cost smoothing mechanisms of the New Zealand Superannuation Fund to a new save-as-we-go scheme
Retain the Ministry of Economic Development, but re-focus key elements of their work away from 'picking winners' and towards removing impediments to business. Develop, in consultation with business, a tax-free 'holiday' for new businesses Review the tax treatment of Research and Development, to generate incentives for an increase in private sector expenditure to 1.5% of GDP