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Showing posts with label Tax Principles Act. Show all posts
Showing posts with label Tax Principles Act. Show all posts

Saturday, May 7, 2022

Dr Bryce Wilkinson: How do “we” fairly tax the rich?


Last week, Inland Revenue Minister David Parker gave a speech titled “shining the light on unfairness in the tax system”.

His speech defended an Inland Revenue investigation into the “tax paid by the wealthiest New Zealanders relative to their economic income”. He is proposing a Tax Principles Act in this context.

Parker assured us that this was in the interests of fairness, not envy. Yes, really.

In arguing that the tax system should probably soak the rich more, he asserted that: