Tax Working Group is inherently flawed.

16 comments on “Tax Working Group is inherently flawed. ”

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1. yesss 1

   8 January 2010 at 3:47 pm

   With due respect to those musing as above, the TAX working group isn’t a WELFARE working group and as such their remit was tax reform.
   • prism 1.1

     8 January 2010 at 5:04 pm

     yesss
     Tax and welfare go together. People in the past have known that very well when kings put an impost on them that left them with little. Fair taxation leaving people with a living wage sufficient to enable them to carry out their responsibilities and have some left over for discretionary spending too, is part of a well-run country’s revenue system.
     • yesss 1.1.1

       8 January 2010 at 9:55 pm

       It’s a TAX working group not a 3rd form social studies essay on medieval feudalism.
       • prism 1.1.1.1

         8 January 2010 at 10:57 pm

         The same problem of needing money for running things in a geographical area occurred in both medieval times then and now. It’s the same object only the taxation method may be different.
         The taxation burden is quite high on ordinary workers with GST on most things as well as PAYE and secondary tax and marginal taxes that affect low income people. I wonder what the clever lot on the TWG will do about those?
         But I get the feeling that you are not ordinary yessssss so you would be above and apart from these basic tax problems.
2. infused 2

   8 January 2010 at 4:05 pm

   I think you’re wrong about the statement saying people want to travel. That is part of it. Of all my mates that are now overseas, it’s about the money, honey.
3. tc 3

   8 January 2010 at 4:55 pm

   The premise and intent is all wrong…..there’s plenty to go around as long as those at the top accept reasonable reward and pay appropriate tax…..companies and individuals.

   But the top tier want more more more….whine on and on about how much tax they pay, how long it takes them to get to their beach houses, how tough it is etc etc

   The gap between ‘have and have not’ grows ever wider….this is all a load of BS to make it appear like NACT are into radical reform………yeah right !

   The mindset is all me me me and greed………..look where we are as a result.
4. infused 4

   8 January 2010 at 5:19 pm

   It’s not the top tier leaving over seas. Greed? How about wanting to get somewhere in life? Yeah, lets work in nz for $45k or go to aussie for 90k. Not only is the money better, so is the weather 😛
   • Pascal's bookie 4.1

     8 January 2010 at 6:00 pm

     yep, it’s not about marginal tax rates.
5. Norma 5

   8 January 2010 at 6:24 pm

   Whay don’t you all wait until the Report of the Tax Working Group is released and see what it says instead of making inane comments. You don’t even know what’s in it.
   • jarbury 5.1

     8 January 2010 at 10:20 pm

     Yeah but expecting a bunch of rich white guys to promote tax changes that reduce inequality is like expecting a bunch of turkeys to vote for Xmas.
   • handle 5.2

     9 January 2010 at 12:26 pm

     Norma, how about reading the linked stories. They talk explicitly about what is likely to be in the report, by one of its authors.
6. Dr Graham Tayler, Ph.D Accounting & Finance) 6

   9 January 2010 at 3:13 am

   Imputed rental value of owner occupied housing (net of mortgage interest) should be taxed as income. This was the case in the UK until the 1960’s. It’s explained on the internet – just Google it. No great mystery. The policymakers are undoubtedly quite aware of it but they choose to overlook it because it is politically very contentious. Clearly, failure to tax it amounts to a subsidy to owner occupiers effectively capitalised into higher house prices. Also it is inequitable that rent payers effectively do pay tax at income tax rates on the rental value of the property they occupy (they have to find a gross amount of income and pay tax on that before having a net amount of income with which to pay rent). Introduction, would broaden the tax base, remove a subsidy capitalised into higher house prices and remove a gross inequity.
   • prism 6.1

     9 January 2010 at 11:51 am

     Imputed rental value of owner occupied housing (net of mortgage interest) –
     Governments find it contentious no wonder. Getting a dwelling that people can afford and which gives them security of tenure, a place where they belong and are settled and can live their lives should not be turned into an object for grasping taxation organised by the haves of our society.
     People on modest incomes who have bought a house can maintain it and invest in safety, and have real monetary return when they sell rather than an illusory pot of gold from investment in cold-hearted business schemes.
     It’s the difference between the greys who exist for themselves and money, status and orderliness and the others who may get along in a haphazard way, but just being people trying to make a happy, fulfilling life even at the unwealthy level of society. Taxing personal housing is similar to taxing every little amount of savings so that cents of tax are being drawn from bank accounts. We know that people have been discouraged from saving and tilted towards borrowing, not for capital investment in a house but consumer spending and borrowing. The government is always mouthing off about its bad consequences for a healthy national economy. Don’t try to quench people’s enthusiasm for investment in their own homes which help give a stable life and sure financial independence. This imputed rent idea would be self-defeating from a national point of view because it would increase more ‘nomadic’ living, which tends to
     social conditions deteriorating. Trying to tip more tax from the shoulders of the big earners to the middle and lower incomes in this way is contemptible.
7. randal 7

   9 January 2010 at 12:04 pm

   the tax working group eh?
   has anybody heard of welfare for out of work central bank governors and other panjandrums who need a bit of taxpayer money for their services.
   nice work if yu can get it.
8. Cactus Kate 8

   9 January 2010 at 9:03 pm

   “No taxation without representation”.

   Why would you give any representation on a tax working group to groups in society who don’t actually have large amounts of members who are net contributors of tax?

   Bit like whinging why there aren’t more Chinese immigrants on a Treaty Grievance Review Committee..
9. Pascal's bookie 9

   9 January 2010 at 9:39 pm

   No house music without MDMA.

   /= only people listening to house music should be allowed MDMA.

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