Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Lower, Flatter Taxes The Answer For 'Leaky' System

Lower, Flatter Taxes The Answer For 'Leaky' System

Rodney Hide
Thursday, 14 September 2006
Press Releases - Taxation

A research paper released today by the Centre for Independent Studies highlights the need for lower, flatter taxes, says ACT Leader Rodney Hide.

"The paper 'How to Fix a Leaky Tax System' sheds new light on how the politics around tax has become more important than good policy", Mr Hide said.

"This paper recommends scrapping the 39% top income tax rate and moving towards a system with just two rates. It also highlights why targeted tax concessions are not the answer.

"An overly complex tax system benefits those who can afford to find the loopholes.

"I'm pleased the ACT view has been confirmed - that simply lifting thresholds isn't the answer, and we need lower, flatter taxes.

"Flat taxes are easier to understand, harder to avoid and fairer on taxpayers.

"With a flat tax rate, earning twice as much money means paying twice as much tax - not three or four times as much, as people do now.

"The Centre for Independent Studies should be congratulated for shedding new light on good tax policy", Mr Hide said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>


Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>


Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>


Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>


Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>


Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>


Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>




Featured InfoPages

Opening the Election