Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


"Robin Hood tax and other clever ways to help our kids"

Income Equality Aotearoa New Zealand Inc. Closing the Gap

MEDIA RELEASE: 28th AUGUST 2014

“Robin Hood tax and other clever ways to help our kids”

It’s time to talk about tax. Not just income tax but other kinds of tax too.

It’s time to talk about Capital Gains Tax, inheritance tax and the financial transactions tax. It’s time to get serious about tax evasion.

These are concrete, clever ways to make an immediate difference in the lives of our children.

New Zealand is a low-tax economy. Our low-tax rates, our “missing” taxes, and massive unpaid tax bills intensify the gap between rich and poor.

This week, the media described the Greens’ 40% top tax rate announcement as a Robin Hood tax. Around the world, the financial transactions tax is also likened to Robin Hood.

But who is stealing from who, when up to $6 billion of tax avoidance every year means there’s not enough money in our wallet to fund the economic, health, housing, educational and social initiatives that would benefit the entire nation?

There is no hard evidence that higher tax rates harm the economy. In fact, evidence points to the opposite: increased government spending stimulates the economy. Nobel Prize winning economist Joseph Stiglitz recommends a top marginal tax rate of 70%. That puts our current top tax rate of 33% into perspective.

A financial transactions tax is being implemented in a number of European countries, but has yet to be implemented here. This, among a raft of other policy choices, is a serious tax option for all parties to consider. Let’s use our taxation system to reduce inequality in New Zealand, not to exacerbate it.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On The Govt’s Token Plans For Cyber-Security

Basically, the world is divided into two types of people: those who think the Panama Papers illustrate the bad shit that some people do, and those who think the Panama Papers illustrate what needs to be done to make sure no-one else discovers the shit – good or bad – that they’re doing. More>>

ALSO:

Gordon Campbell: On Pharmac’s Grudging Concession To Reality

Is this any way to run a health system… whereby terminally ill patients are forced into public demonstrations before the government (and its funding agency Pharmac) will grudgingly provide the money for life-saving treatments freely available and publically funded in Australia for the best part of a year? More>>

ALSO:

Labour: Healthy Homes Bill Passes First Reading

Some of New Zealand’s most vulnerable children and families are on their way towards safer living conditions with the passing of the first reading of the Healthy Homes Guarantee Bill in Parliament last night, Leader of the Opposition Andrew Little says. More>>

ALSO:

Werewolf Satire: Home, And A Way

The one thing even more popular than an Auckland house is offering advice on how to afford an Auckland house. So, on the grounds it can’t be worse than some of the stuff that’s out there, here’s my three cents* worth. [*Up 50% since 2013!] More>>

ALSO:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news