Inflationary Impacts of Tax Cuts vs Deficit Reduction
Matthew Hooton made this Official Information request to The Treasury
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From: Matthew Hooton
Dear The Treasury,
1. Under the Official Information Act, I request all advice to ministers or their staff prepared since the formation of the Coalition Government on the probable inflationary effects of personal-tax cuts (defined broadly to include increased Working for Families tax credits, adjustments to income-tax thresholds and other matters mentioned in the National Party tax policy for the 2023 election referred to in the National-Act and National-NZ First Coalition agreements), compared with reducing the operating, OBEGAL and/or core Crown residual cash deficits by the same amount as the fiscal impact of any personal-tax cuts.
2. I understand from the Minister of Finance's recent speech that advice is being prepared on the probable inflationary effects of personal-tax cuts compared with maintaining or increasing core Crown expenses by the same amount as the fiscal impact of any personal-tax cuts. Please do not confuse my request with that quite different work.
3. Nevertheless, it seems to me that, in the interests of increasing progressively the availability of official information to the people of New Zealand in order to enable their more effective participation in the making and administration of laws and policies and to promote the accountability of Ministers of the Crown and officials, and thereby to enhance respect for the law and to promote the good government of New Zealand, it would be highly desirable for the information I have requested in 1 above not to be publicly released any later that the information referred to in 2 above. In practice, I suspect that means it should be released on or before Budget Day.
4. Thank you in anticipation of your prompt and professional response to this request as soon as reasonably practicable as required by law.
Yours faithfully,
Matthew Hooton
From: Ministerial Services Inbox [TSY]
The Treasury
Dear Matthew
Your request under the Official Information Act 1982, was received on 10
May 2024. A response will be provided in accordance with the Act.
The Treasury may publish the response to your Official Information Act
(OIA) request. When you are provided with a response to this request, you
will be informed about whether the response to your OIA request will be
published. If the Treasury does publish the response to your OIA request,
personal information, including your name and contact details, will be
removed. This publication process does not apply to extension letters or
transfers.
Ngâ mihi
Niko | Ministerial Advisor | Te Tai Ôhanga – The Treasury
Visit us online at [1]https://treasury.govt.nz/ and follow us on Twitter,
LinkedIn and Instagram [UNCLASSIFIED]
-----Original Message-----
From: Matthew Hooton <[FOI #26712 email]>
Sent: Friday, May 10, 2024 3:44 PM
To: Ministerial Services Inbox [TSY]
<[The Treasury request email]>
Subject: Official Information request - Inflationary Impacts of Tax Cuts
vs Deficit Reduction
Dear The Treasury,
1. Under the Official Information Act, I request all advice to ministers
or their staff prepared since the formation of the Coalition Government on
the probable inflationary effects of personal-tax cuts (defined broadly to
include increased Working for Families tax credits, adjustments to
income-tax thresholds and other matters mentioned in the National Party
tax policy for the 2023 election referred to in the National-Act and
National-NZ First Coalition agreements), compared with reducing the
operating, OBEGAL and/or core Crown residual cash deficits by the same
amount as the fiscal impact of any personal-tax cuts.
2. I understand from the Minister of Finance's recent speech that advice
is being prepared on the probable inflationary effects of personal-tax
cuts compared with maintaining or increasing core Crown expenses by the
same amount as the fiscal impact of any personal-tax cuts. Please do not
confuse my request with that quite different work.
3. Nevertheless, it seems to me that, in the interests of increasing
progressively the availability of official information to the people of
New Zealand in order to enable their more effective participation in the
making and administration of laws and policies and to promote the
accountability of Ministers of the Crown and officials, and thereby to
enhance respect for the law and to promote the good government of New
Zealand, it would be highly desirable for the information I have requested
in 1 above not to be publicly released any later that the information
referred to in 2 above. In practice, I suspect that means it should be
released on or before Budget Day.
4. Thank you in anticipation of your prompt and professional response to
this request as soon as reasonably practicable as required by law.
Yours faithfully,
Matthew Hooton
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From: Matthew Hooton
Dear Ministerial Services Inbox [TSY],
Thank you for your reply. That is all fine. In fact I am very keen for my OIA response to be published.
As you may know, I asked the Minister's Office and Treasury Communications yesterday morning whether it would be possible to have this information by lunchtime yesterday to help inform my New Zealand Herald column today.
Alas it was not. However, I would be most grateful if I could have the information by close-of-business on Wednesday 29 May in order for it to help inform my public commentary on the Budget.
I would also be perfectly happy if the information were made universally available that day, including on the Treasury website.
Thank you for your consideration of this request.
Yours sincerely
Matthew Hooton
From: Ministerial Services Inbox [TSY]
The Treasury
Good morning Matthew,
Thank you for your message, this response has been determined to be released as per the standard OIA timelines. As such a response will be delivered by 10 June 2024.
Niko White | Ministerial Advisor | Te Tai Ōhanga – The Treasury
Visit us online at https://treasury.govt.nz/ and follow us on Twitter, LinkedIn and Instagram
-----Original Message-----
From: Matthew Hooton <[FOI #26712 email]>
Sent: Friday, May 24, 2024 9:21 AM
To: Ministerial Services Inbox [TSY] <[The Treasury request email]>
Subject: RE: Official Information request - Inflationary Impacts of Tax Cuts vs Deficit Reduction
Dear Ministerial Services Inbox [TSY],
Thank you for your reply. That is all fine. In fact I am very keen for my OIA response to be published.
As you may know, I asked the Minister's Office and Treasury Communications yesterday morning whether it would be possible to have this information by lunchtime yesterday to help inform my New Zealand Herald column today.
Alas it was not. However, I would be most grateful if I could have the information by close-of-business on Wednesday 29 May in order for it to help inform my public commentary on the Budget.
I would also be perfectly happy if the information were made universally available that day, including on the Treasury website.
Thank you for your consideration of this request.
Yours sincerely
Matthew Hooton
-----Original Message-----
Dear Matthew
Your request under the Official Information Act 1982, was received on 10 May 2024. A response will be provided in accordance with the Act.
The Treasury may publish the response to your Official Information Act
(OIA) request. When you are provided with a response to this request, you will be informed about whether the response to your OIA request will be published. If the Treasury does publish the response to your OIA request, personal information, including your name and contact details, will be removed. This publication process does not apply to extension letters or transfers.
Ngâ mihi
Niko | Ministerial Advisor | Te Tai Ôhanga – The Treasury Visit us online at [1]https://treasury.govt.nz/ and follow us on Twitter, LinkedIn and Instagram [UNCLASSIFIED]
-------------------------------------------------------------------
Please use this email address for all replies to this request:
[FOI #26712 email]
Disclaimer: This message and any reply that you make will be published on the internet. Our privacy and copyright policies:
https://fyi.org.nz/help/officers
If you find this service useful as an Official Information officer, please ask your web manager to link to us from your organisation's OIA or LGOIMA page.
-------------------------------------------------------------------
________________________________
CONFIDENTIALITY NOTICE
The information in this email is confidential to the Treasury, intended only for the addressee(s), and may also be legally privileged. If you are not an intended addressee:
a. please immediately delete this email and notify the Treasury by return email or telephone (64 4 472 2733);
b. any use, dissemination or copying of this email is strictly prohibited and may be unlawful.
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From: Ministerial Services Inbox [TSY]
The Treasury
[UNCLASSIFIED]
Dear Matthew,
Please see attached response to your Official Information Act request.
Please note this response has been signed out via an electronic process
opposed to a physical signature.
Niko White | Ministerial Advisor | Te Tai Ôhanga – The Treasury
Visit us online at [1]https://treasury.govt.nz/ and follow us on
[2]Twitter, [3]LinkedIn and [4]Instagram
Link: [5]File-List
Link: [6]Edit-Time-Data
Link: [7]themeData
Link: [8]colorSchemeMapping
--------------------------------------------------------------------------
CONFIDENTIALITY NOTICE
The information in this email is confidential to the Treasury, intended
only for the addressee(s), and may also be legally privileged. If you are
not an intended addressee:
a. please immediately delete this email and notify the Treasury by return
email or telephone (64 4 472 2733);
b. any use, dissemination or copying of this email is strictly prohibited
and may be unlawful.
References
Visible links
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2. http://www.twitter.com/nztreasury
3. https://www.linkedin.com/company/576138/
4. https://www.instagram.com/nztreasury/
5. file:///tmp/Signature_files/filelist.xml
6. file:///tmp/Signature_files/editdata.mso
7. file:///tmp/Signature_files/themedata.thmx
8. file:///tmp/Signature_files/colorschememapping.xml
hide quoted sections
From: Ministerial Services Inbox [TSY]
The Treasury
Good afternoon,
The document you requested from the Treasury as part of OIA 20240344 has
now been published on the Budget website. You can find the document at the
following link: [1]Aide Memoire T2024/717: The impact of the personal
income tax package on inflation and interest rates - 4 April 2024 - Budget
2024 Information Release.
In addition, the entire Budget 2024 proactive release can also be found at
this link - [2]Budget 2024 Information Release - 12 September 2024.
Many thanks,
Alastair
Ministerial Advisory Service | Te Tai Ôhanga – The Treasury
Visit us online at [3]https://treasury.govt.nz/ and follow us on
[4]Twitter, [5]LinkedIn and [6]Instagram
[IN-CONFIDENCE]
CONFIDENTIALITY NOTICE
The information in this email is confidential to the Treasury, intended
only for the addressee(s), and may also be legally privileged. If you are
not an intended addressee:
a. please immediately delete this email and notify the Treasury by return
email or telephone (64 4 472 2733);
b. any use, dissemination or copying of this email is strictly prohibited
and may be unlawful.
References
Visible links
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2. https://budget.govt.nz/information-relea...
3. https://treasury.govt.nz/
4. http://www.twitter.com/nztreasury
5. https://www.linkedin.com/company/576138/
6. https://www.instagram.com/nztreasury/
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