Bernard Hickey interviews Labour Finance Spokesman David Cunliffe about John Key's speech last week on tax reform. Cunliffe says the tax reforms won't transform the economy and aren't likely to be fair. However, he says Labour agrees with the National Government about the need for economic reform and the causes of New Zealand's imbalances. Labour has offered bi-partisan talks on tax reform, but the offer has not been taken up by the government, Cunliffe says. Cunliffe, a member of Parliament's Finance and Expenditure (FEC), also talks about Finance Minister Bill English's comments to the FEC on a 'bright line' test for property traders to replace the current 'intent' test, and John Key's comments on ring-fencing of losses by property investors.
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