Written By: - Date published: 12:30 pm, October 14th, 2017 - 104 comments
The International Monetary Fund (IMF) says it now favours higher taxes on the rich and has demolished the myth this might adversely affect economic growth. The authoritative Washington-based think tank in its influential half-yearly monitor also argued for taxes on capital, suggesting a wealth and/or land taxes should be considered, something that will make Gareth […]
Written By: - Date published: 4:36 pm, September 25th, 2017 - 178 comments
Labour didn’t deserve to win on Saturday because, firstly, because it failed to bring a fully-fleshed tax policy to voters, and, secondly, it never attempted to win the ideological battle over tax. To succeed at the next election, Labour must begin work today to frame this debate.
Written By: - Date published: 8:29 am, September 14th, 2017 - 282 comments
Tax is emerging as the big issue of this campaign. How valid are National’s claims that Labour will introduce a variety of new taxes and what has National’s record been like? Update: in a smart tactical move Labour has promised no new taxes will be introduced until after the next election.
Written By: - Date published: 7:24 am, March 18th, 2015 - 66 comments
Gotcha politics is all good sport when the opposition makes a mistake. How about Key’s self-inflicted blunder?
Written By: - Date published: 2:49 pm, January 27th, 2015 - 33 comments
Rob Salmond has a bite at Eric Campton’s rather ideologically naive ideas about balancing up the GST playing ground between local and overseas retailers. Rather than not doing anything about it as Eric suggests and leaving local retailers flailing. Why not just make it simple as local collection of GST?
Written By: - Date published: 9:18 am, December 11th, 2014 - 31 comments
The lied about surplus in the run up to the 2014 National Election is looking like matching Penn and Teller for magical skills. It’s the ultimate disappearing act. Unlike bad economic figures when Labour is in Government, this isn’t National’s fault. Bill English says so. It’s all down to a whole lot of unusual and […]
Written By: - Date published: 3:33 pm, July 10th, 2014 - 47 comments
Rob Salmond has been looking through the newly released Ministry of Social Development’s Household Incomes Report. It really is invaluable.
Written By: - Date published: 3:05 pm, May 18th, 2014 - 29 comments
John Key is clearly lying about tax again. He claims that most of “all nett tax” is paid for by the wealthy. As usual he ignores the 15% GST tax, the various sales taxes on things like petrol, and the many other sales and consumption taxes. GST and other consumption taxes are largely paid for by the not wealthy. Which is why they were raised to pay for National’s tax cuts for the wealthy.
Written By: - Date published: 9:22 am, January 15th, 2014 - 15 comments
Rob Salmond at Polity has been having a look at Bill English’s “neutral” tax change in 2010…
Bill English recently heralded his tax switch as making net tax more progressive. He lied. It actually made net tax at least $500 million more regressive.
Written By: - Date published: 10:18 am, September 20th, 2013 - 220 comments
David Cunliffe spoke to the Left base in the Daily Blog Live interview last night: economy, tax, employment, GCSB, TPPA & more. He raises hopes for a new, post GFC social democratic vision. But he spoke to those with economic & policy knowledge. His nods towards better social security, away from bennie bashing, need fleshing out.
Written By: - Date published: 10:01 am, April 29th, 2013 - 30 comments
MSM articles show the big Aussie banks are making record profits, Kiwis can save, and Adam Smith worshiping think tanks are not to be trusted. Cunliffe & Norman said it a while back – NAct policies and government spending cuts are not the answer.
Written By: - Date published: 10:09 am, April 19th, 2013 - 16 comments
National, far from being their idealised “low tax party” are in fact the “stealth tax party”. While they’ve lowered the top rate of tax and the company rate, helping out the wealthiest, there has been regressive tax after regressive tax increase on the smaller hidden things.
Written By: - Date published: 8:59 am, April 5th, 2012 - 30 comments
On Monday, Key said his tax cuts have been “literally fiscally neutral”. In Parliament yesterday, Russel Norman showed Treasury documents showing the 2010 tax changes were to forecast to cost $1.1b in 4 years, actually cost $1.1b in 9 months, and the cost has grown since. Key didn’t want to hear the Treasury numbers, instead waving some ‘billshit’ put together by the Finance Minister.
Written By: - Date published: 8:40 am, November 8th, 2011 - 30 comments
Yes, that’s an actual quote [sans ‘serfs’] from David Farrar lying about his master John Key’s lies about not raising GST.
hattip: frank macskasy
Written By: - Date published: 5:28 pm, September 6th, 2011 - 19 comments
Treasury has now adopted their masters’ political line on income statistics. The latest Treasury MEI uses average after-tax wages to argue that an average worker is better off by 2% since October 2010. In real terms the average worker’s gross wage less inflation means they are 1% worse off. The average of $50,000 a year is a long way above the median wage as indicated by the 2009 IRD distribution figures. In reality a few are hugely better off, some are ok, and most are still worse off.
Written By: - Date published: 9:32 am, July 15th, 2011 - 179 comments
The media have provided us with five people examples of people who will be affected in different ways by Labour’s tax package. Ordinary families win big and they know it. The vested interests moan and reveal the pure greed that underlies their worldview. Frankly, I think Labour will win support due to both who supports and who opposes its tax policy.
Written By: - Date published: 9:00 am, July 14th, 2011 - 35 comments
According to Gareth Morgan, “all income should be taxed if it is a fair income tax”. So where are taxes coming from right now? Well increasingly more of it is being paid by wage and salary earners, and less by businesses. Hopefully a capital gains tax will partially redress that imbalance.
Written By: - Date published: 10:32 am, May 16th, 2011 - 42 comments
As we wait to see just how bad the economy has got under National, and what cuts they will force on us to pay for their follies, Michael Bott’s reports on canvassing in Masterton: “I spent a weekend with a team of Labour volunteers listening to the concerns of the people. A repeated remark was, ‘‘ no matter how hard I try, I just can’t get ahead’’”
Written By: - Date published: 9:16 pm, April 15th, 2011 - 30 comments
1000 economists have written to the G20, about to meet in Washington, and to Bill Gates, asking for a tax on financial transactions known as a Tobin tax after its originator, or a Robin Hood tax as it is known in the US. 4 New Zealanders are among the 1000; Prue Hyman, Stefan Kesting, Peter Conway, and Petrus Simons. Good on them.
Written By: - Date published: 9:30 am, December 14th, 2010 - 33 comments
Do you feel better off after the great tax swindle? Two recent surveys have shown that the significant majority of us do not. John Key has expressed his surprise at our ingratitude. But the numbers tell the story. Most of us don’t feel better off because we aren’t better off. The only surprise is that John Key is so completely out of touch as to fail to understand this.
Written By: - Date published: 1:23 pm, October 1st, 2010 - 61 comments
Remember how John Key used to talk about GST? Here is a video reminding everyone of the past before he did his usual flip-flop to favour the rich while increasing costs on most people. The GST increase and the consequent inflation will make almost everyone worse off unless they are wealthy enough to bribe the NACT’s.
Written By: - Date published: 9:05 am, October 1st, 2010 - 72 comments
For a long, time National and the Right have tried to convince us that all we need is tax cuts. You can understand why: their other policies are deeply unpopular, cutting taxes is a roundabout way of cutting public services, which they hate, and tax cuts deliver the most to their wealthy base. So will we see any actual benefits from the great tax swindle?
Written By: - Date published: 8:34 am, September 30th, 2010 - 29 comments
Danyl over at DimPost has produced an excellent graph of the gains from National’s Tax Swindle. It uses the Government’s figures, it is generous in showing average rather than median incomes…
And it doesn’t look good for average kiwis.
Written By: - Date published: 4:18 pm, September 27th, 2010 - 112 comments
No Right Turn has covered todays announcement about policy changes for GST on fruit and vegetables. Since it is pretty comprehensive we will reproduce the two posts here.
Written By: - Date published: 8:00 am, August 9th, 2010 - 43 comments
The rate at which National have been spinning of late is giving me nausea. It can’t be long until they get to the Hitch-Hiker’s Guide scenario of declaring black to be white and getting run over on the nearest zebra crossing.
Written By: - Date published: 11:47 pm, June 2nd, 2010 - 37 comments
I am ruling out selling Kiwibank at any point in the future/Asset sales are on the table for a second term
We won’t be raising GST/We’re raising GST
My trust is so blind I have no idea what’s in it/Owning a vineyard is great fun
Anyone else seeing a pattern?
Written By: - Date published: 10:18 am, May 20th, 2010 - 56 comments
Hone Harawira does not want to vote for the ‘don’t be jealous’ budget and he doesn’t think the Maori Party will be standing true to its principles or supporters if it does. Harawira sought permission to vote against the Budget. Tariana Turia, who is awfully comfortable in the back of her Crown limo, refused. Let’s hope Harawira has the courage cross the floor anyway.
Written By: - Date published: 12:45 pm, May 6th, 2010 - 58 comments
I’m glad to see Labour is stealing a march on the lazy Nats and building an alternative economic vision ahead of the Budget. It looks to be just the vision New Zealand needs, built on the twin planks of economic sovereignty and a fairer distribution of wealth.
Written By: - Date published: 1:09 pm, April 15th, 2010 - 71 comments
Phil Goff is being attacked by John Key’s apologists because he won’t pledge to reverse National’s GST hike given he can’t yet know the state of the government’s books when he becomes PM. How ironic to see the Right, who supposedly want accountable government, pillory a politician for being straight up with the public, rather than telling them what they want to hear.
Written By: - Date published: 12:09 am, March 22nd, 2010 - 100 comments
I made a mistake in my calculations of the effects of the leaked tax reforms. In the corrected numbers, the poor get less, the rich get more. The wealthiest 13,000 taxpayers get a quarter of a billion in tax cuts between them – nearly $20,000 a year each. The poorest half $1.25 a week and higher rents to pay. This ‘tax reform’ package is really a mask for a wealth grab from the many to the few.