As Australia reforms laws that can inadvertently trap financial abuse victims, New Zealand must ask what protections – and risks – exist here.
- Professor of Taxation and Commercial Law, Te Herenga Waka — Victoria University of Wellington
The Labour Party’s proposed capital income tax targets earners whose gains are missed by the current system. We explain how this is different from other taxes targeting the wealthy.
Local government raises about 4% of New Zealand’s tax revenue. The equivalent in Denmark is about 36%. If the government believes in ‘localism’, it has to give councils more power to raise revenue.
National’s tax policies have been tweaked since the election, thanks to coalition agreements with NZ First and ACT. But the plan for tax cuts seems to have survived, to the benefit of core supporters.
The National Party’s tax package may be a middle-income vote winner, but it avoids the core problem of tax-free wealth. And how much the new system would cost to operate is far from clear.
New Zealand’s tax system might be in need of updating, but Revenue Minister David Parker’s new tax legislation is unnecessarily complicated at a time when we most need clarity.
Should the country go into debt or raise taxes to pay for disaster recovery? The best solutions might not be the most politically attractive – and that’s a problem.
Te Moutnui Epa tells an extraordinary tale of loss, discovery, removal and recovery. For the author, it is both personal and communal.
For decades fiscal drag has largely been ignored. But rising inflation has put New Zealand’s tax brackets, and what the government is going to do about them, under the spotlight.
Items on display at the Eastern Southland Gallery in New Zealand’s South Island open a window on the complex world of art repatriation.
Once paid, tax becomes the property of the government. Pretending otherwise undermines the basic principles of the social contract.
With their different but equally conservative income tax policies, both Labour and National ask voters to consider their own appetite for risk.
Both major parties refuse to grasp the nettle of New Zealand’s narrow and inherently unfair tax base.
As the adult children of baby boomers start inheriting their parents’ wealth, it’s time we looked seriously at taxing this unearned income.
Establishing artists could benefit if New Zealand introduces a proposed capital gains tax that excludes any profit made on the sale of collectables and artworks.
