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 […]
Death and taxes. It is said that you can’t escape them. But some corporations can and do. There has been an outcry over multinationals like Apple avoiding tax in New Zealand. Matt Nippert at the NZ Herald has revealed that Apple paid no tax in New Zealand over the last ten years despite sales of […]
Did cutting the top tax rate in 2010 (to better align it with the trust and company tax rates) eliminate the widespread tax avoidance occurring around the top tax threshold?
When my parents first visited me in Auckland ten years ago, they remarked on how there were no homeless people on the streets. Coming from Los Angeles, they were used to seeing the impacts of horrendous inequality and a lack of a social safety net: people living under bridges, in cardboard boxes, people who may […]
On 1 October, the Government’s Bright Line Test came in to force, despite the fact the legislation has yet to be passed into law. It is still being considered by the Finance and Expenditure Committee. When it is enacted, sometime before the end of the year, it will be retrospective. This is National’s too-little-too-late attempt […]
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 […]
The OECD has confirmed what we already suspected with its ground-breaking report on inequality – Divided We Fall. The gap between rich and poor has grown exponentially since the 1980s in most developed countries – but none more so than in New Zealand.
Last Sunday Russel gave the annual State of the Planet speech to a packed and excited crowd at Te Mahurehure Marae in Auckland. It was a great and powerful speech that clearly defined the Green vision for Aotearoa. Russel also attacked National and Labour for bludging off our grandchildren and pulling the ladder of opportunity […]
The Govt introduced a new bill tonight — Taxation (International Investment & Remedial Matters) Bill. Unfortunately, Jonathan Coleman, as the Minister introducing the bill, was given the speech notes for a different tax bill – the Taxation (International Taxation and Life Assurance and Remedial Matters) Bill. He gave this speech from 2008. Now we all make […]