web analytics

Pascal’s Bookie says…

Written By: - Date published: 1:05 pm, January 22nd, 2010 - 20 comments
Categories: tax - Tags:

Pascal’s Bookie said in comments

3 pretty graphs,

Median Income

Average income of the bottom decile

Average income of the Top decile

one of which has NZ in the top half of the oecd.

Lookie here

Source

20 comments on “Pascal’s Bookie says… ”

  1. Leopold 1

    O, for Luxembourg citizenship papers!

    • Sam 1.1

      I reckon! What are they doing that seems to work so well?

      • vto 1.1.1

        Dealing in diamonds and other ‘rich prick’ goodies. Most readers here wouldn’t be interested in any of that…

        But look what it can achieve !

      • Scott 1.1.2

        It is the centre for a large number of EU institutions. And it has lots of banks. So it will be full of bureaucrats earning reasonable money, and bankers earning stupid money.

        • Uroskin 1.1.2.1

          Luxembourg is where Belgians, French and Germans pop over to if they have some cash to stash away from the prying eyes of the tax man. I remember the regular car trips from Belgium with mum and dad well in the 1970s.
          Even though it’s not blacklisted country in terms of tax havens, the withholding tax on deposits is so much lower than in the home countries it makes it worthwhile to have a large part of its economy devoted to banking services.
          Also tank up the car at the same time, fuel taxes are seriously lower there.
          Having many EU institutions headquartered there helps too, of course. All that tax free eurocrat loot has to be spent somewhere.

          Lessons for NZ: attract some international agencies to set up shop here. Offer discreet personal banking services for overseas clients. Have a narrower gap between the top 10% and lowest decile incomes.

  2. Lanthanide 2

    These graphs would be more striking if the Y scale was fixed for all of them. As it is, with a quick glance all 3 graphs look the same, except the maximum Y value on each is 40k, 18k and 100k. So the 3 graphs are actually in very different ballparks, but you wouldn’t figure that just by looking at them.

    • rainman 2.1

      Doesn’t matter, they’re showing relativity.

      Interesting Aussie is in about the same place for both highest and lowest decile – does this indicate more equitable income distribution?

  3. tsmithfield 3

    Look at whats been happening to the Euro recently though. The europeans might as well be being paid in monopoly money the way the Euro is depreciating at the moment.

    Also, it would be interesting to see those figures adjusted for living costs. It might tell a different story.

  4. tsmithfield 4

    Furthermore, some of those countries ahead of us are nearly bankrupt anyway. Look up PIIGS on google if you don’t believe me.

    Even the UK is not in good shape at all at the moment. Hence the depreciating Euro as mentioned in my previous post. So, those wage figures might not mean that much, especially in the context of the poor shape a lot of those countries are in.

    • Pascal's bookie 4.1

      They’re not wage figures, see link below, but JFTR…

      Income is defined as household disposable income in a particular year. It consists of earnings, self-employment and capital income and public cash transfers; income taxes and social security contributions paid by households are deducted. The income of the household is attributed to each of its members, with an adjustment to reflect differences in needs for households of different sizes (i.e. the needs of a household composed of four people are assumed to be twice as large as those of a person living alone).

  5. roger nome 5

    Somehow, despite the clear facts, the right wingers will still deny that New Zealand is an unusually unequal society for one so developed. Something along an OECD data collecting conspiracy, etc ……

  6. “Even the UK is not in good shape at all at the moment. Hence the depreciating Euro”

    Given that the UK is not part of the eurozone, that causal link statement does not make sense.

  7. Pascal's bookie 7

    The oecd page is here (someone could put that in the post? tah)

    The data seems to be from 05, so there have been tax cuts and wff and what not. But it’s still interesting and it’s not my fault the oecd is slow. (JFTR it’s in US dollars converted with purchasing parity to deal with the cost of living bidness for tsmithy. Your needs have been anticipated sir, all is as as you want.)

    It pokes holes in a few shibboleths though eg, ‘The poor in the US are actually ok compared to the average kiwi’ No they’re not. They’re worse off than our poor.

    And our wealthy are doing ok even when compared with the top deciles in the oecd.

    etc.

    [lprent: added ]

  8. Deus In Machina 8

    “Even the UK is not in good shape at all at the moment. Hence the depreciating Euro’

    What?

    Oh, this post renewed my happiness in my european passport.

  9. tsmithfield 9

    Uroskin “Remind me not to employ tsmithfield as currency trading advisor.
    euro versus US$: 10c up over the last 12 months”

    True. But over the last month or so its been falling off the planet. If the current trend continues (there is every reason to expect it will), the marginal gain will be erased very quickly.

    Just do a search for forex charts and see how the currency has gone over the last twelve months. At the time of the financial crisis the Euro plummeted against the US in a near-vertical dive. It has since regained a lot of ground but now is plummeting at about the same rate it did when the bottom fell out of the markets during the crash.

    Europe is even worse off than the US, and that is saying something.

  10. Uroskin 10

    Dollar lovers (and euro haters) should get things into perspective. The euro in the last few weeks only came off its historic highs against the US$, and that decline was hardly a fall off the cliff!, despite it being called a “concerted attack” against the euro
    The high euro is hurting Germany’s economy. The artificial link between Chinese and American currencies doesn’t help stabilising the world currency trading system either.

  11. prism 11

    Interesting how close NZ is to Oz in all the graphs. Makes a nonsense of all this rah rah about catching up to them. I think all these politicians have thought of a smokescreen, a paper tiger to hoist every time serious thought and discussion about NZ looks likely to break out.

    Heard Bill English’s son plays rugby and family very involved. I think that many of these good old (and young) boys in Parliament are rugby saturated and it carries over so they think in terms of competition when they think of politics. We have to try and beat Oz in the moshpit of politics.

  12. prism 12

    Somehow, despite the clear facts, the right wingers will still deny that New Zealand is an unusually unequal society for one so developed.
    I remember the shock I felt when one of my tutors at Polytech stated that we are not really one of the developed nations. That we are just on the fringe. That no other agricultural nation has managed to get to the wealth position we are in.
    And of course the actions of all our politicians have resulted in us losing the manufacturing jobs and expertise that we had in our supine response to international pressure and the quest for cheaper goods from overseas, so we are ever more dependent on ag and particularly dairy. The dairy interests are sounding like old-time landed feudal gentry as a result. They are the only game in town.
    Thought – I wonder if Auckland will be a feisty, individual voice from the moo-cows. There might be a use for this would-be different power bloc.

Recent Comments

Recent Posts

  • The Ahuriri Hapū Claims Settlement Bill passes Third Reading – Pānuitanga Tuatoru o te Pire ...
    Kua pahure te Pire Whakataunga Kerēme a ngā Hapū o Ahuriri i tōna pānuitanga tuatoru i te pāremata - he pae nunui i te hātepe whakataunga Tiriti o Waitangi hītori mō ngā Hapū o Ahuriri. “Ko te pae whakahirahira nei te tohu o te tīmatanga hou mō te whakahoanga i ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • Launch of Te Aorerekura – the national strategy for the elimination of family violence and sex...
    Tēnā tātou katoa Kei a koutou e Te Ātiawa, koutou e kaha tiaki nei, koutou e mau tonu nei ki te mana o tēnei o ngā whenua taurikura, tēnā koutou e te manawhenua, e Te Ātiawa. Kaha tautoko ana ahau i ngā kōrero kua kōrerotia, e ngā mihi kua mihia, ...
    BeehiveBy beehive.govt.nz
    11 hours ago
  • A guiding star sets a new path for the elimination of family violence and sexual violence
    Today the Prime Minister Jacinda Ardern and Minister for the Prevention of Family Violence Marama Davidson joined tangata whenua and sector representatives to launch Te Aorerekura, the country’s first National Strategy to Eliminate Family Violence and Sexual Violence. “Te Aorerekura sets a collective ambition to create peaceful homes where children, ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • NZ secures new Pfizer COVID-19 medicine
    New Zealand has secured supplies of another medicine to treat COVID-19, Health Minister Andrew Little announced today. “In October, New Zealand was one of the first countries in the world to make an advance purchase of a promising new antiviral drug, molnupiravir,” Andrew Little said. “Today I am pleased to ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Strong Pipeline for Construction Sector
    Strong pipeline ahead for the construction sector Infrastructure activity forecast to reach $11.2 billion in 2026 Construction sector now the fourth biggest employer with more than 280 000 people working in the industry Residential construction the largest contributor to national construction activity. Minister for Building and Construction Poto Williams says ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Regenerative agriculture research receives Government boost
    The Government continues to invest in farm sustainability, this time backing two new research projects to investigate the impacts of regenerative farming practices, Agriculture Minister Damien O’Connor announced today. Soil health and regenerative agriculture “We’re contributing $2.8 million to a $3.85 million five-year project with co-investment by Synlait Milk and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • David McLean appointed as KiwiRail chair
    David McLean has been appointed as Chair of KiwiRail Holdings Ltd, the Minister for State Owned Enterprises Dr David Clark and Minister of Finance Grant Robertson announced today. “Minister Clark and I are confident that David’s extensive business knowledge and leadership experience, including his time as former Chief Executive and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New Ambassador to Turkey announced
    Foreign Affairs Minister Nanaia Mahuta today announced the appointment of Zoe Coulson-Sinclair as New Zealand’s next Ambassador to Turkey. “Aotearoa New Zealand and Turkey’s relationship is one of mutual respect and underpinned by our shared Gallipoli experience,” Nanaia Mahuta said. “Turkey is also a generous ANZAC Day host and has ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Announcement of new Consul-General in Guangzhou
    Foreign Affairs Minister Nanaia Mahuta today announced the appointment of Rachel Crump as New Zealand’s next Consul-General in Guangzhou, China. “China is one of Aotearoa New Zealand’s most significant relationships – it is our largest trading partner, and an influential regional and global actor,” Nanaia Mahuta said. “As the capital of ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government marks International Day of Persons with Disabilities
    The Government joins the disabled community of Aotearoa New Zealand in marking and celebrating the International Day of Persons with Disabilities, Minister for Disabilty Issues Carmel Sepuloni said. The theme for this year’s International Day of Persons with Disabilities is “Leadership and participation of persons with disabilities toward an inclusive, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Deputy Inspector-General of Intelligence and Security, and Advisory panel member appointed
    Prime Minister Jacinda Ardern has announced the appointments of Graeme Speden as the Deputy Inspector-General of Intelligence and Security, and Ben Bateman as a member of the Inspector-General’s Advisory Panel.  “These are significant roles that assist the Inspector-General with independent oversight of New Zealand’s intelligence agencies,” Jacinda Ardern said. “While ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Five million COVID-19 tests processed
    Associate Minister of Health, Dr Ayesha Verrall has congratulated testing teams right around New Zealand for reaching the five million tests milestone. Today, an additional 31,780 tests were processed, taking the total since the beginning of the pandemic in 2020 to 5,005,959. “This really is an incredible and sustained team ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Funding for extra ICU capacity
    Care for the sickest New Zealanders is getting a major boost from the Government, with plans to spend hundreds of millions of dollars on expanding intensive care-type services, Health Minister Andrew Little announced today. “Through good planning, we have avoided what the COVID-19 pandemic has done in some countries, where ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • “THE LEGAL AND CONSTITUTIONAL IMPLICATIONS OF NEW ZEALAND’S FIGHT AGAINST COVID.”
    Speech to the New Zealand Centre for Public Law Tēnā koutou katoa Thank you for providing this opportunity to speak with you today as Attorney General. I’m here to talk about the constitutional consequences of Covid -19. I love the law. The way it exists with the consent of the ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • The legal and constitutional implications of New Zealand’s fight against COVID
    Speech to the New Zealand Centre for Public Law Tēnā koutou katoa Thank you for providing this opportunity to speak with you today as Attorney General. I’m here to talk about the constitutional consequences of Covid -19. I love the law. The way it exists with the consent of the ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pharmac Review interim report released
    Health Minister Andrew Little has released an interim report by an independent panel reviewing the national pharmaceuticals-buying agency Pharmac. Pharmac was established in 1993 and is responsible for purchasing publicly funded medicines for New Zealanders, including those prescribed by GPs or administered in hospitals. The review, chaired by former Consumer ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Appointment to Network for Learning board
    Former MP Clare Curran has been appointed to the board of Crown company Network for Learning (N4L), Education Minister Chris Hipkins says. Hon Clare Curran served as a Member of Parliament for Dunedin South from 2008-2010. During this time, she held a number of ministerial portfolios including Broadcasting, Communications and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Putting home ownership within reach of Pacific Aotearoa
    Pacific community groups and organisations will get tools to help them achieve home ownership with the implementation of the Ministry for Pacific Peoples (MPP) Pacific Housing Initiative, said Pacific Peoples Minister Aupito William Sio. In July 2021, MPP launched the Pacific Community Housing Provider Registration Support programme and the Pacific ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Coastal shipping will help keep New Zealand’s supply chain buoyant
    Transport Minister Michael Wood today welcomed the release of the Coastal Shipping Investment Approach State-of-Play report as an important step towards a more sustainable coastal shipping sector, which will further diversify New Zealand’s supply chain. “This Government is committed to strengthening our domestic supply chain by making coastal shipping a ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Response to Human Rights Commission's reports into violence towards disable people
    Tēnā koutou, tēnā koutou, tēnā tātou katoa.   Thank you for that introduction Hemi and thank you for inviting me to respond on behalf of Government to the release of these two important reports (Whakamanahia Te Tiriti, Whakahaumarutia te Tangata -Honour the Treaty, Protect the Person and Whakamahia te Tūkino kore ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Law change strengthens petroleum decommissioning regulation
    Petroleum permit and licence holders operating in New Zealand will now have an explicit statutory requirement to carry out and fund the decommissioning of oil and gas fields after a new law was given Royal assent today, says Energy and Resources Minister Dr Megan Woods. Once in effect The Crown ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New Zealand Response to assist peace and stability in Solomon Islands
    The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.  “We are deeply concerned by the recent ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Continued growth in volume of new home consents
    In the year ended October 2021, 47,715 new homes were consented, up 26 per cent from the October 2020 year. In October 2021, 4,043 new dwellings were consented Canterbury’s new homes consented numbers rose 31% to higher than post-earthquake peak. New home consents continue to reach remarkable levels of growth, ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Saddle up for summer with cycle trail funding
    New investment will keep the best of New Zealand’s cycle trails in top condition as regions prepare to welcome back Kiwi visitors over summer and international tourists from next year. “Cycle tourism is one of the most popular ways to see the country ‘off the beaten track’ but the trails ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New Zealand provides additional funding to COVAX for vaccine delivery
    Foreign Affairs Minister Nanaia Mahuta today announced additional funding will be provided to COVAX to support vaccine delivery in developing countries. “New Zealand remains cognisant of the dangers of COVID-19, especially as new variants continue to emerge. No one is safe from this virus until we all are and this ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • COVID-19 Community fund providing support for 160 organisations focused on women and girls
    Minister for Women Jan Tinetti today announced financial support will be allocated to the 160 successful applicants for the COVID-19 Community Fund, to support organisations helping women/wāhine and girls/kōtiro in Aotearoa New Zealand affected by the pandemic. “COVID-19 has had a disproportionate effect on women around the world including in ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Government delivers reactivation package as Aucklanders reconnect for summer
    A new support package will help revive economic, social and cultural activities in our largest city over summer, and ensure those in hardship also get relief. The Social Development and Employment Minister Carmel Sepuloni and the Economic and Regional Development Minister Stuart Nash have announced a Reactivating Tāmaki Makaurau Auckland ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Mobile services and broadband come to Chatham Islands for first time
    World class mobile and broadband services have been switched on for the 663 residents of the Chatham Islands, Minister for the Digital Economy and Communications, David Clark and Minister for Economic and Regional Development, Stuart Nash announced today. “This eagerly awaited network will provide fast broadband and mobile services to ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Crown accounts reflect strong economy amid pandemic
    The Government’s financial accounts continue to reflect an economy that has performed better than expected, despite the latest Delta COVID-19 outbreak. The Crown accounts for the four months to the end of October factors in the improved starting position for the new financial year. Core Crown tax revenue was $2.5 ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Applications open for new 2021 Resident Visa
    The first round of applications for New Zealand’s new 2021 Resident visa open today (6am). “This one-off pathway provides certainty for a great many migrant families who have faced disruption because of COVID-19 and it will help retain the skills New Zealand businesses need to support the economic recovery,” Minister ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • More Vietnam Veterans to receive compensation for Agent Orange Exposure
    Minister for Veterans, the Hon Meka Whaitiri announced today that two new conditions associated with Agent Orange exposure have been added to the Prescribed Conditions List. Under the 2006 Memorandum of Understanding signed between the Crown and representatives of Vietnam veterans and the Royal New Zealand RSA. Vietnam veterans in ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government commits to international effort to ban and regulate killer robots
    Minister of Disarmament and Arms Control Phil Twyford announced today that New Zealand will push for new international law to ban and regulate autonomous weapons systems (AWS), which once activated can select and engage targets without further human intervention. “While the evidence suggests fully autonomous weapons systems are not yet ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New freedom camping rules – right vehicle, right place
    Tougher freedom camping laws will be introduced to prevent abuse which has placed an unfair burden on small communities and damaged our reputation as a high quality visitor destination. Tourism Minister Stuart Nash has confirmed that new legislation will be introduced to Parliament following an extensive round of public consultation ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government invests to support a classic Kiwi summer
    Vaccinated New Zealanders can look forward to Kiwi summer events with confidence, while artists and crew will have more certainty, following the launch of details of the Arts and Culture Event Support Scheme, Minister for Arts, Culture and Heritage Carmel Sepuloni announced today. “The Government recognises that the arts and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Grace period for expired driver licences cruises into 2022
    Due to the ongoing Delta outbreak and extended lockdowns, all New Zealand driver licences and licence endorsements that expired on or after 21 July 2021 will now be valid until 31 May 2022, Transport Minister Michael Wood announced today. “This further extension to the validity of driver licenses recognises that ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Delivered: 1,000 extra transitional homes
    A further 1,000 transitional homes delivered  New housing development starts in Flaxmere, Hastings  The Government has delivered the next 1,000 transitional housing places it promised, as part of its work to reduce homelessness. Housing Minister Dr Megan Woods is marking the milestone in Hastings at a new development that includes ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Traffic light levels announced
    The levels at which different parts of New Zealand will move forward into the COVID-19 Protection Framework this Friday have been announced. Northland, Auckland, Taupō and Rotorua Lakes Districts, Kawerau, Whakatane, Ōpōtiki Districts, Gisborne District, Wairoa District, Rangitikei, Whanganui and Ruapehu Districts will move in at Red The rest of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Financial support to move to traffic light system
    A new transition payment will be made available particularly for affected businesses in Auckland, Waikato and Northland to acknowledge the restrictions they have faced under the higher Alert Levels. Transition payment of up to $24,000 as businesses move into traffic light system Leave Support Scheme and Short Term Absence Payment ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Ambassador to Russia announced
    Foreign Affairs Minister Nanaia Mahuta today announced the appointment of Sarah Walsh as New Zealand’s next Ambassador to Russia. “Aotearoa New Zealand and Russia have a long-standing relationship, engaging on a range of regional and global interests including disarmament and Antarctica issues. We also work together as members of the East ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Permanent Representative to the UN announced
    Foreign Affairs Minister Nanaia Mahuta today announced the appointment of Carolyn Schwalger as Permanent Representative to the New Zealand Permanent Mission to the United Nations in New York. “Aotearoa New Zealand is a founding member of the UN and we have worked hard to ensure our stance on human rights, ...
    BeehiveBy beehive.govt.nz
    1 week ago