tax Archive

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  Stop grizzling Pat, and pay your fair share

  
  
  
  Lots of us work hard. But we pay our fair share of tax on what we earn. Why do property investors, whose income is derived from residential rents and capital gains, think they should get favours from the tax system that none of the rest of us get? read more
  March 7, 2010 5:51 pm - 49 Comments
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  Bankers – ‘the people’ are coming and they have pitchforks

  
  
  
  International support for the idea of a tax on financial speculation is growing. A tax of a fraction of one percent on every financial transaction would have little effect on normal share trading or currency movements. However to those who use high powered computers to make thousands of automatic trades each second, a fraction of [...] read more
  March 2, 2010 3:51 pm - 27 Comments
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  Your front door is open and your property investments are hanging out

  
  
  
  Labour MP Rick Barker and the people he says he’s been talking to just don’t seem to get it that when you work hard and save you should still pay tax on your earnings! Why should one form of income be tax free? Why not wages too? read more
  February 6, 2010 8:14 am - 112 Comments
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  Govt has Biz Roundtable on speed dial for advice

  
  
  
  During the Clark-Cullen years there was at least an attempt when setting up advisory boards and review panels to get a range of voices – not that the Clark-Cullen administrations would then necessarily utilise the advice given. In 2000 for example the Labour-Alliance Government picked Rob McLeod – then just a member of the Business Roundtable [...] read more
  August 24, 2009 5:08 pm - 3 Comments
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  More rushed legislation under urgency

  
  
  
  Yesterday, the government decided that once again, it was important to run rough shod over parliamentary scrutiny by passing a motion for urgency and introducing new Bills and asking for debate before anyone had even seen the legislation. The Clerk of the House advises that urgency be accorded the introduction and first reading of [...] read more
  February 11, 2009 1:06 pm - 48 Comments
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  Stimulus Reality: Spending creates VASTLY more jobs than tax cuts

  
  
  
  That is the title of a very thought provoking post over at OpenLeft. The author, Paul Rosenburg, takes data from Moody’s economy.com and combines it with research from the Center for Economic Policy and Research to create the following chart: It lends credence to Treasury’s call for tax cut’s to be delayed or reduced if government [...] read more
  February 9, 2009 1:59 pm - 10 Comments
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  Nats tax bill costs the low paid

  
  
  
  Nats yesterday introduced their tax bill. They dropped the bill on parliament without giving anyone a chance to read it before it hit the house and are pushing it through under urgency without giving a select committee or anyone else a chance to examine it properly. Even the Regulatory Impact Assessment stated that they hadn’t [...] read more
  December 10, 2008 9:14 pm - 34 Comments
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  NZ red-faced over climate change

  
  
  
  Why would someone who believes climate change is a hoax and human activity is not contributing to climate change, want a carbon tax? Why would you tax fossil fuels if you don’t believe they are doing any harm? Why would a party that has campaigned on a carbon tax since 1993 and accepted [...] read more
  November 30, 2008 4:31 pm - 89 Comments
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  National plans to privatise Kiwibank

  
  
  
  In an exclusive scoop just televised on TV3 News, a recording of Bill English from today’s conference revealed that Kiwibank is definitely one SOE heading for the chop. Possibly paraphrased: Anonymous: Will you get rid of Kiwibank? Bill English:   We will eventually, but not yet. This is consistent with the Nat’s policy of not privatising within the [...] read more
  August 3, 2008 6:30 pm - 53 Comments
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  Tax cuts for leaving us

  
  
  
  Last night the Taxation International Taxation, Life Insurance and Remedial Matters Bill came before the house for its first reading. This is a 445 page tome of mind numbing discussion about various matters tax related including rights of non disclosure, joint ventures, and portfolio investment entity rules. But, what it also contains is an exemption for ‘active’ [...] read more
  July 24, 2008 9:26 am - 7 Comments