Government Could Reduce Prices with the Stroke of a Pen
Responding to calls for the Government to scrap New Zealand’s remaining import tariffs, Taxpayers’ Union Policy & Public Affairs Manager, James Ross, said:
“Tariffs are a tax on consumers, and if there’s one thing Kiwis don’t need during this cost-of-living crisis it’s the Government increasing the price of goods even further.
“As well as driving up prices and the costs of doing business in New Zealand, our tariffs quite literally cost the Government more to administer than they raise in revenue. They are a millstone around our country’s neck stifling competition and holding back growth.
“The folly of import tariffs is clear, and cash-strapped shoppers should be jumping with joy at any attempts to follow Singapore’s example in becoming a free trading nation.”