Property investors’ lobby groups have been up in arms this week about Labour and Greens’ plans to close tax loopholes and fix the housing market. That’s probably a good thing. Like investors in any other sector of the economy, they expect to make money – but they have preferential tax treatment that investors in other […]
I took the opportunity to question the Reserve Bank Governor, Graeme Wheeler, about New Zealand’s lack of deposit protection in front of the Finance and Expenditure Select Committee in Parliament yesterday.
The charade of this Government’s sound economic management is unraveling. Misleading GDP figures, pumped up by property speculation and high immigration, have given the impression that all is well, masking our continued productivity decline compared to OECD countries. In fact, we are near the top of the OECD in hours worked, but near the bottom […]
The National Government has finally recognised that there is something they could be doing to ensure multinational companies like Apple and Google pay their fair share of tax here.
The European Commission has ruled that Apple owes €13bn in back taxes there. It’s likely that Apple owes New Zealand our fair share of back taxes too. The New Zealand Government collected close to $11 billion in taxes for companies last year. If New Zealand companies paid the tax rate Apple does in Europe — […]
Globally, the “neo-liberal” consensus is rapidly vanishing (I use quotation marks because there are some in Aotearoa who deny such a thing as neo-liberalism exists).
News last week that Israel’s Finance Minister will insure savers’ bank deposits means New Zealand will be left as the only country in the OECD that has no deposit insurance to protect savers’ funds should a bank fail.
Both the Treasury and IRD have been advising the National Government on the benefits of a capital gains tax. Documents released to the Green Party under an Official Information Act request show that John Key has been selective with the facts about the advice he’s received on a capital gains tax. IRD produced advice for […]
The Green Party has announced plans to raise the top tax rate on any income earned over $140,000 to 40 percent. This will have an impact on 3 percent of all taxpayers. We will redirect all new revenues raised into measures that will directly alleviate the causes of child poverty in New Zealand. We don’t believe […]
New Zealand has slipped dramatically in the PISA (Programme for International Student Assessment) which reports every 3 years on what 15 year olds know and what they can do with what they know, across the world. New Zealand’s education ranking has fallen from seventh to 18th in science, from 12th to 23rd in maths, and […]