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 Finding A Model To Replace The Monarchy


One feels reluctant to pre-empt the verdict of history, but maybe we need to have a Plan B in mind just in case the reign of King Charles III turns out badly. With that possibility in mind, are there any other countries that do a reasonably good job of electing their ceremonial head of state? There is no perfect model for New Zealand to follow but - arguably - Ireland has made a pretty good fist of it over the past 70 years or so. Ireland has roughly the same population as New Zealand, so the pool of talent is similar in size...
More>>



Alastair Thompson: Are There TPLF Ethiopia Insurgency Training & Support Operations in Uganda?


Mystery Document Alleges:
Covert Operation has US/Egypt Support
Operations Coordinated between South Sudan, TPLF and Uganda
Planning began December 2021...

More>>




 
 

Australia-NZ Leadership Forum: Prime Minister And Ministers Attend
Prime Minister Jacinda Ardern will lead New Zealand’s Ministerial delegation to the Australia New Zealand Leadership Forum (ANZLF) in Sydney today, following a successful trade mission... More>>

Government: Welcomes Climate Change Commission Advice On Agricultural Pricing System
The Government has welcomed advice from the Climate Change Commission assessing readiness in the agricultural sector for an emissions pricing system... More>>

ALSO:

Government: Action To Tackle Delays In Family Court
New legislation aimed at tackling delays in the family justice system, will help improve the wellbeing of thousands of children caught up in Family Court disputes every year, Justice Minister Kiri Allan says... More>>



Government: New Air Pollution Report Shows Importance Of Action On Emissions

A new report released today on the health effects of air pollution shows the Government’s focus on reducing emissions will save lives... More>>


Economy: Financial Statements Of The Government Of New Zealand
Please note the next Financial Statements of the Government of New Zealand to be released will be for the full year ended 30 June 2022. It is anticipated that these will be released in early October 2022... More>>



Government: New Era For Better Health In Aotearoa New Zealand

The Government has today delivered a nationwide health system that will ensure better outcomes for all New Zealanders with the establishment of Te Whatu Ora - Health New Zealand... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels