tax

Categories under tax

The right become socialists as Covid-19 bites

Written By: - Date published: 7:52 am, March 17th, 2020 - 38 comments

The right, elements of which have thought the best thing to do to the state is weaken it that badly that they could then drown it in a bathtub, are rethinking and now realise that a well resourced, active and engaged State is actually a life saver.

Bridges thinks the solution to Covid 19 is tax cuts

Written By: - Date published: 8:14 am, March 5th, 2020 - 64 comments

Simon Bridges thinks that tax cuts are the best way to address financial stress caused by businesses by the Covid 19 epidemic.  Even though businesses under financial stress will be paying little if any tax and a tax cut would have little if any effect.

National’s big economic policy announcement

Written By: - Date published: 1:42 pm, February 17th, 2020 - 83 comments

Simon Bridges has claimed that the average wage earner in the country pays almost 33c in the dollar in taxes. Spoiler alert, they do not.

National is not counting its chickens for granted

Written By: - Date published: 8:47 am, February 17th, 2020 - 27 comments

National will announce today  that tax cuts will be a major policy plank for the next election.

Steve Mnuchin, not Greta Thunberg, needs to go back to school

Written By: - Date published: 10:52 am, January 27th, 2020 - 11 comments

US Treasury Secretary Steve Mnuchin has attacked Greta Thunberg for not understanding the economics of climate change.  But he has then been roundly criticised by a number of people, including his wife.

What if Trump wins again?

Written By: - Date published: 8:30 am, December 29th, 2019 - 124 comments

We may as well prepare ourselves for Trump overperforming his popularity again and winning. We’ve had to deal with left’s retreat in most of the world in 2019. So let’s prepare and plot some likely accelerated changes in Trump’s second term.

Trickle down fails yet again

Written By: - Date published: 11:13 am, November 3rd, 2019 - 50 comments

Despite its continuous failure to work over the past 40 years trickle down remains a favourite justification by right wing administrations for allowing unfettered greed.

How This Government Can Still Win

Written By: - Date published: 8:13 am, September 16th, 2019 - 91 comments

Some suggestions on how Labour can retain power at the next election.

National tacks right

Written By: - Date published: 3:35 pm, August 26th, 2019 - 44 comments

National has released its economic policies for the next 12 months and they have a decidedly backward feeling about them.

Should the Government spend massively more?

Written By: - Date published: 3:18 pm, August 8th, 2019 - 58 comments

With yesterday’s announcement by the Reserve Bank to cut interest rates by 1%, some are suggesting that the government should embark on a massive public works spree to stimulate the economy while increasing national debt at low interest rates.  But Kiwisaver reform may be more effective.

Jacindamania

Written By: - Date published: 8:01 am, July 28th, 2019 - 138 comments

Despite the babies and the engagements, maybe it’s time to ditch the default Jacindamania.

Cannabis, teens, and fecal matter

Written By: - Date published: 8:56 am, July 10th, 2019 - 28 comments

I’ve been musing on the subject of minor drugs that are currently illegal and their supply chain. It is early days so far, but almost all of the news coming through from where the recreational use of cannabis has been decriminalised hasn’t indicated dire consequences.  There are some pretty obvious benefits – especially in the quality of supply.

National supports 47% tax rate for top income bracket *

Written By: - Date published: 7:21 am, July 5th, 2019 - 25 comments

* this is one possible interpretation for National’s praise of the Morrisonn Government’s change to Australian tax system.

Results matter

Written By: - Date published: 9:34 am, June 21st, 2019 - 29 comments

Everyone knows that getting employers to increase rates of pay and improve conditions of work takes real pressure and the only real way working people can exert pressure, in the unbalanced relationship that exists between individual employees and employers, is by acting together; collectively. And that’s what we’ve been doing week in, week out and getting real results.

Flact Tax

Written By: - Date published: 7:54 am, June 17th, 2019 - 175 comments

Act has proposed a tax increase for the bottom 64% of all tax payers.

Labour to relax fiscal responsibility rules

Written By: - Date published: 9:00 am, May 24th, 2019 - 72 comments

Grant Robertson has announced there will be a relaxing of the fiscal responsibility rules, although not until after the next election.

Death tax fake news

Written By: - Date published: 10:47 am, May 21st, 2019 - 62 comments

Social media was responsible for the repeated broadcasting of the claim that Labor in Australia intended to bring in a death tax.  What should happen when claims that are clearly wrong are made?

Five people versus a billionaire

Written By: - Date published: 9:00 am, April 30th, 2019 - 36 comments

UK Labour has released a stunning advertisement on what happens if you give ordinary people more resources compared to if you give a billionaire a tax cut.

About the CGT decision

Written By: - Date published: 8:06 am, April 18th, 2019 - 232 comments

With the benefit of hindsight the decision not to proceed with a capital gains tax was almost inevitable.

CGT Dumped

Written By: - Date published: 2:08 pm, April 17th, 2019 - 244 comments

The Government has announced that there will be no Capital Gains Tax. It’s a shame, but it’s good politics.

Support Tax Fairness Reform

Written By: - Date published: 12:15 pm, April 9th, 2019 - 16 comments

The Tax Justice Network has started a campaign to gain support for taxing capital as income to support and improve our public services. If you would like to support the campaign, you can sign the petition here or donate here. All funds donated will go to the campaign advertising.

Astroturf organisation accuses Tax Justice Aotearoa of being an astroturf organisation

Written By: - Date published: 12:13 pm, April 8th, 2019 - 18 comments

The Taxpayer’s Union (not a real union) has hit peak irony by accusing another organisation of being an astroturf organisation.

Tax Justice Aotearoa starts campaign in support of CGT

Written By: - Date published: 7:46 am, April 8th, 2019 - 168 comments

Tax Justice Aotearoa has started a public campaign in support of a capital gains tax.

We need more than capital gains tax to address inequality

Written By: - Date published: 2:41 pm, March 25th, 2019 - 46 comments

The most important comment in the Tax Working Group’s Final Report is that even the reasonably comprehensive capital gains tax proposed is likely to have only a minor impact on addressing inequality — what is needed is a more progressive income tax system that lifts the top marginal tax rate 

Landlord advocates threatening rent increases if Labour wins next election

Written By: - Date published: 8:05 am, March 11th, 2019 - 288 comments

A landlord has advocated that all landlords should threaten to increase tenant’s rentals if Labour wins the next election.

The tax debate – Dogwhistle time

Written By: - Date published: 8:07 am, March 7th, 2019 - 111 comments

National has resorted to race baiting in its attempt to denigrate the Tax Working Group’s proposed capital gains tax.

National’s Tax review strategy

Written By: - Date published: 11:22 am, March 5th, 2019 - 107 comments

The Government is not due to announce its response to the Tax Working Group’s recommendations for a few more weeks. It appears that National using outrageous assumptions will take the opportunity to raise horror stories in the media on how bad the tax could be.

MAFS National Style*

Written By: - Date published: 10:32 am, March 3rd, 2019 - 61 comments

National is grooming the voters for another dirty ACT.

Lies damn lies and tax analysis

Written By: - Date published: 1:21 pm, March 2nd, 2019 - 67 comments

National’s claim that a capital gains tax would reduce the value of an average worker’s Kiwisaver account by $64,000 over a 45 year working life seems to be as valid as Steven Joyce’s claim there was an $11.5 billion dollar hole in Labour’s draft budget.

CGT as a Charitable Donation

Written By: - Date published: 12:44 pm, March 2nd, 2019 - 31 comments

Treat CGT like a semi-voluntary donation and give people a say in how it is spent.

Brownlee forced to withdraw ad with fake data

Written By: - Date published: 8:15 am, February 28th, 2019 - 32 comments

Gerry Brownlee has been obliged to withdraw a Facebook ad about tax bracket creep after it was discovered he had used grossly overinflated figures.