Clark DavidHon Dr DAVID CLARK (Labour—Dunedin): Thank you Mr Speaker. I will try to keep my comments brief because the last thing we need is a great deal of repetition although we've just had a lot and a little bit of it needs to be corrected because it's clear that members opposite are struggling with some of the simpler points in the bill. The Hon Deborah Russell gave a very erudite explanation I thought of why the trustee tax rate is increasing to 39 percent and members opposite seem not to have listened particularly closely to that. She explained that there is a very legitimate and straightforward way to not pay the higher tax rate and that is to allocate income that has been gained in that trust through to beneficiaries.The rule is there to address distortions in the tax system that have been observed and I would have thought members opposite who I do believe support a broad-based - low rate tax system would have wanted a system that does address distortions in the tax system. But perhaps because a large volume of those distortions are driven by the behaviour of the mega-rich they may be taking a different view but they're being a little bit shy about putting that point up front. We know that the vast majority of trusts will be almost completely unaffected by this legislation and so most Kiwis that are operating trusts for legitimate reasons will not have any real effects from this legislation.I want to speak very briefly about the KiwiSaver top-ups for child carers taking paid parental leave. The latest report on this matter is from the Retirement Commission Te Ara Ahunga Ora. The Retirement Commissioner engaged actuaries to work out the difference in retirement savings and it's true that males' retirement savings balances currently are around 20 percent higher than the average balance for females in the KiwiSaver scheme. It's not a small amount. This measure in the bill and this Budget measure will actually be very good—particularly for women who are more inclined to take parental leave than men—in addressing that gender gap that we see in retirement savings. I think it is a real shame that members opposite want to oppose women having KiwiSaver balances that are closer to those of men. I think it's actually quite shameful that you might want to oppose that measure.By opposing this bill the members opposite are also opposing multinationals paying a minimum rate of tax. New Zealand is joining global efforts just to make sure there's a minimum rate of tax paid by multinationals. They're also opposing a measure that's really taken as a compassionate measure around ACC and Ministry of Social Development lump-sum payments to reduce the amount of tax paid on them for people who don't have a great deal of income over the years. They're also opposing implementing changes to the trustee tax and tax relief for flood-hit businesses.So I think that is where I really want to leave this contribution. I do want those following the debate at home to be considering the kinds of things this National Opposition is opposing because they like to make politics on tax bills. These are measures that will benefit many New Zealanders around the country and I think it should really give everyone pause for thought that we have an Opposition that wants to oppose these very sensible sensible measures of change in our tax system.