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National’s one-trick election pony – the eternal mirage of tax cuts

Written By: - Date published: 7:04 am, February 20th, 2017 - 39 comments

As Finance Minister Bill English effectively ruled out tax cuts, but it’s election year, and so of course the Nats can’t help but trot out their one-trick election pony again.

Bloomberg warns world of New Zealand’s toxic trusts

Written By: - Date published: 7:56 am, February 12th, 2017 - 21 comments

Bloomberg magazine has highlighted how foreign trusts are damaging New Zealand’s reputation and are being used for criminal activity.

NRT: Denying the obvious

Written By: - Date published: 8:57 am, January 11th, 2017 - 44 comments

I/S at No Right turn writes on Revenue Minister Collins’ denial of obvious tax avoidance.

Taxing multinationals

Written By: - Date published: 9:58 am, December 15th, 2016 - 53 comments

In March the Nats were still rejecting the idea of a crackdown on multinational companies’ tax avoidance. But there has been – in large part due to the work of Matt Nippert in The Herald – a partial back-down. Another Labour policy adopted!

Nats continue to have a quid each way on tax cuts

Written By: - Date published: 11:39 am, December 11th, 2016 - 15 comments

Tax cuts – the Nats are continuing to rule them both in and out for the election. Incoherence or deliberate strategy? Either way – Key got away with this kind of bullshit for 8 long years – are we going to let it continue?

Tax the Rich An animated fairy tale

Written By: - Date published: 8:52 am, November 30th, 2016 - 10 comments

A short video produced by US unions “to support a fairer tax system”.

The eternal tax-cut mirage

Written By: - Date published: 8:15 am, November 21st, 2016 - 93 comments

Despite the unknown cost of the quakes, and the host of other urgent needs, Key is once again talking up election-bribe tax cuts.

Nats backsliding on tax haven law changes

Written By: - Date published: 7:54 am, November 1st, 2016 - 20 comments

The Nats are backsliding on implementing the law changes brought on by the Panama Papers revelations. If European regulators blacklist us the consequences will be catastrophic.

Follow the money

Written By: - Date published: 8:21 am, October 30th, 2016 - 30 comments

Phase 2 of the Anti-Money Laundering and Countering Financing of Terrorism Act is due to come into force soon and will require lawyers, accountants and other professionals to verify the source of client funds.  This will give the Government increased power to monitor capital flows.  What will they discover?

Tax cuts hard to sell

Written By: - Date published: 8:32 am, October 19th, 2016 - 8 comments

Herald: “…the Government ought to be banking surpluses, just as Sir Michael Cullen did during the boom of 2000-2007”.

European Union v Apple and the US

Written By: - Date published: 8:02 am, September 1st, 2016 - 49 comments

And in Europe the EU has taken steps against Apple for rampant tax evasion and an EU-US free trade deal appears to be dead.

Foreign buyers estimated at 29%

Written By: - Date published: 7:03 am, August 25th, 2016 - 75 comments

Most of the media has reported the Government’s “3%” spin on the extent of residential property purchases in NZ going to foreign buyers pretty uncritically. There have been honourable exceptions, and yesterday property editor Anne Gibson in The Herald joined them.

Taonga tax

Written By: - Date published: 9:33 am, August 13th, 2016 - 77 comments

Tourists are coming for our “clean green” image (however undeserved), no reason why they shouldn’t be happy to help contributing to maintaining / strengthening it.

Financial capital is crazy OP. Time to strip it back to basics.

Written By: - Date published: 12:08 pm, August 8th, 2016 - 72 comments

Financial capital is way over powered in our current political economic system. Every aspect of our lives has been financialised and securitised, from our homes to our educations. From our drinking water to our power supply.

The EU thinks that our tax system’s clean bill of health is not so clean

Written By: - Date published: 8:08 am, August 2nd, 2016 - 43 comments

The European Union is considering sanctions against New Zealand for operating as a tax haven and the proposed reforms by John Sherwin may not be enough.

The Chrematistic Camel

Written By: - Date published: 7:26 pm, July 4th, 2016 - 110 comments

So this post is about a suite of frameworks not to adopt if the goal is to avoid 2 degrees of global warming.

Panama papers – Shewan inquiry – our rules are inadequate

Written By: - Date published: 4:25 pm, June 27th, 2016 - 26 comments

There were many who were concerned that John Shewan was not a good choice for an inquiry into NZ’s tax haven system. Seems we owe Shewan an apology, as initial reaction suggests that he has done a good job.

Bill English unaware that GST is a tax shock!

Written By: - Date published: 11:25 am, June 26th, 2016 - 69 comments

Is it true that 40 percent of us pay no tax? Why, no, no it isn’t.

When is a toll road not a toll road?

Written By: - Date published: 9:36 am, June 22nd, 2016 - 37 comments

When it is a variable network pricing mechanism …

Labour should front-foot tax

Written By: - Date published: 12:53 pm, May 28th, 2016 - 167 comments

Good advice for Labour from Standard author Simon Louisson, writing on The Spinoff. Labour should front-foot tax!

The Mother Budget

Written By: - Date published: 6:21 pm, May 26th, 2016 - 86 comments

There are budgets and there are budgets. And for all the presence or absence of bright ideas, there’s a budget that threatens to subsume all others…

Grant Robertson’s pre-budget speech

Written By: - Date published: 11:08 am, May 23rd, 2016 - 31 comments

Grant Robertson has just delivered his pre-budget speech. One takeaway message: “Labour’s finance spokesman Grant Robertson says Labour will set out a tax package before the 2017 election to set out how it will raise revenue to address issues in education, health and housing”.

We’re going to burn it all, until we burn it down.

Written By: - Date published: 12:11 am, May 20th, 2016 - 173 comments

What does it really mean to reduce NZ’s total fossil fuel use by 50% by 2030: a warm up discussion for an upcoming thought experiment.

Tax cuts! No! Yes! Maybe! Look over there!

Written By: - Date published: 7:02 am, May 17th, 2016 - 90 comments

English is right, Key is lying and he knows it. But Key would rather we were talking about the mirage of tax cuts (again) than current events like the protection of corrupt tax havens or our homeless living in cars.

We have to have poverty so we can have a tax cut

Written By: - Date published: 9:50 am, May 16th, 2016 - 163 comments

Despite record Crown debt and a crisis in the social sector National is getting ready to campaign in 2017 promising a tax cut.

The real reason that politicians will take no action on tax haven corruption

Written By: - Date published: 8:04 am, May 16th, 2016 - 22 comments

panamapapersoccupations

Take action on tax haven corruption? NZ says – meh

Written By: - Date published: 3:04 pm, May 14th, 2016 - 51 comments

The Nats are all over the place on this, and they’re trashing our reputation in the process.

Laundering earnings vs laundering money

Written By: - Date published: 4:49 pm, May 13th, 2016 - 35 comments

When a corporation launders its earnings in a tax haven, it is completely upfront about where the money came from and who it belongs to, which differentiates the activity from “money laundering.”

Fixing the tax haven – what’s the downside?

Written By: - Date published: 10:37 am, May 13th, 2016 - 75 comments

Fixing our tax haven loopholes is easy but Key won’t act. Why?

Petition on tax dodging

Written By: - Date published: 10:30 am, May 12th, 2016 - 50 comments

tax-dodging

John Key’s dead cat strategy

Written By: - Date published: 9:14 am, May 12th, 2016 - 52 comments

National is hoping to avoid a proper debate about issues raised by the Panama Papers by raising a series of idiotic diversions.

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