What tax evasion robs us of
An interesting piece in The Guardian looks at the costs of tax evasion, and how (in America) the missing funds could be used to fund a UBI.
Economy
tax
Can we trust John Key?
John Key’s relationship with Antipodes Trust Group Limited will need some explaining.
Key’s deposit with company specialising in foreign trusts
Well well well.
Whitewash a certainty in tax haven review
John Key’s solution to the exposure of his ludicrous claims that New Zealand has full disclosure on foreign trusts nor is tax haven, […]
Off-shore Trusts (a simple solution)
I know this won’t happen, but still…
Netflix tax – another one for you peasants
While Key is fighting to make sure our country remains a haven for his rich mates, he’s about to hit you and I with yet another tax. I don’t have a problem with taxes, but I do take issue with the hypocrisy.
Key changed the law to extend NZ as a tax haven
John Key personally directed the 2011 law change that turned NZ into an attractive tax haven.
It’s part of a complicated context involving his failed plan to turn NZ into a “financial hub”.
Kiwis to be implicated by Panama papers
Yesterday The Nation interviewed the Centre for Public Integrity’s Peter Bale about the inevitability of New Zealanders being implicated by the Panama Papers.
A Song from John (All your questions answered)
Okay. So rumoour has it that John was merely a co-writer.
Panama tax rort stirs world leaders but not Key
The Panama Papers highlight a significant problem for the countries of the world. The actions of the 1% is robbing countries throughout the world of funds needed to run their countries and underlines that the capitalist system is based on greed. Most leaders see this but not John Key.
Obama calls for international tax reform – what will Key do now?
Key has made it clear that he doesn’t care that NZ is operating as an international tax haven. When The Greens called for action he called them “barking mad”. But last night President Obama called for international action on tax reform. What will Key do now?
John Key’s response to the Panama Papers leak
John Key and National are floundering and trying urgently to work out what lines they should use concerning the release of the Panama Papers.
Deborah Russell: What’s going on with foreign trusts?
Deborah Russell provides expert analysis and commentary on the treatment of foreign trusts in New Zealand and how there is actually a loophole.
Panama Papers: NZ is a tax haven
The Panama Papers show that NZ operates a tax haven. Key’s denials don’t hold up, particularly in the light of at least two three prior warnings that his government has received.
NZ Tax Haven Inc – of the 1%, by the 1%, for the 1%
A huge leak of confidential documents which reveals how the rich and powerful use tax havens to hide their wealth suggests that New Zealand plays its part.
Guest Post: Government’s multi billion dollar lies
Amakiwi analyses why foreign corporations are hurting New Zealand’s economy and questions why they should be allowed the estimate their profitability.
Taxpayers Union is relaxed about Multinationals not paying tax
The Taxpayers Union has chosen not to criticise multinational corporation tax avoidance even though it increases the tax obligations of New Zealanders.
UK sugar tax
The UK has done the sensible thing for public health and introduced “a new tax on sugary drinks”. The Herald asks: UK sugar tax – could NZ be next?
Fonterra faces liquidity issues as rivers of “white oil” dry up
Pundits, most residing in the National Party, just three years ago predicted the economy would surf high on “rivers of white oil” flowing from the dairy industry, but they now have cow pats splattered on their faces as Fonterra today announced another payout downgrade and signalled liquidity pressures.
National the party of economic lunacy
A “$17 billion hole in the economy”. An estimated $18 billion lost because National stopped investing in the super fund. A record national debt. And we’re still talking about tax cuts? Lunacy!
The great big list of John Key’s big fat lies (UPDATED)
How many more lies will John Key tell today in his so-called State of the Nation address? Virtual chocolate fish to whomever guesses the closest number.
The problem with free market capitalism
This morning’s Herald contains a story about a young man who with a family gift has managed to purchase eleven houses over the past five years and can afford to pay World of Warcraft all day.
Read my lips – some new taxes
Getting mommy to dispense the drugs
Now that cannabis is going legal and heading for the neighbourhood social gatherings where mothers sell addictive substances (like cosmetics and kitchenware) to each other. Lets legalize it, tax it HEAVILY, and could someone please give Helen Kelly and others like her the relief that they can use.
No, National shouldn’t have balanced the books.
Simon Louisson recently made a post about National’s profligacy, and all of the debt they have racked up. Guest poster Michael disagrees with Simon and says that “Yes, National was profligate.” and “No, National should not have balanced the books.”
In face of share market meltdown, Govt’s options limited
John Key says New Zealand has options in the face of a share market meltdown and is not like Greece (well that’s a relief). Simon Louisson asks how real are John Key’s options? Thanks to this Government’s profligate past spending, including irresponsible tax cuts, our options have narrowed drastically.
Parasite Drive; the NBR Rich List
The NBR’s annual list of the one percent is out. No surprises that the growing inequality in New Zealand is working well for the parasites at the top of the hill.
NRT: Facilitating tax cheats
I/S at No Right Turn on a reported rush in demand ahead of new rules for real estate transactions aimed at cracking down on tax cheats and speculators.
NRT: This is wrong
“Auckland’s median house price rising a record 26 per cent to $755,000 over the past year..”. This is what a bubble looks like: when your house “earns” a top-end salary just by existing. And its a perfect example of why we need a capital gains tax.
Lets restrain those damnfool knights eh?
“THE struggle has been long and arduous. But gazing across the battered economies of the rich world it is time to declare that the fight against financial chaos and deflation is won. In 2015, the IMF says, for the first time since 2007 every advanced economy will expand.”. But lets restrain the damn fool ideological idiots from screwing it up. Like Bill English and his damn stupid taxcuts…
The myth of “Retirement Savings”
Advocates of Kiwisaver and other funded “retirement savings” schemes perpetuate the fundamental misunderstanding that “conventional” in New Zealand’s case “neo-liberal” economists, speculators, finance companies, politicians and those with a lot of share holding wealth in non-productive enterprises like to perpetuate.
Superannuation and Government forecasts
National has again refused to consider doing anything about the future of Superannuation. Yet its policies of increasing Crown debt, stopping contributions to the Cullen Fund and attacking Kiwisaver have made a discussion about the future of superannuation more important than ever.
English not even trying any more
Anyone remember departure tax?
Rushed policy is bad policy
National’s policy opens the door to more effective capital gains tax, thus irritating investors and their base, while probably not achieving anything in practice. The worst of both worlds. Bonus question – does this policy effectively underwrite losses when the property bubble bursts? Plus another bonus John Key lie!
Deborah Russell: Preliminary thoughts on the Government’s new tax
Deborah Russell is a senior lecturer in taxation at Massey University and was Labour’s candidate in Rangitīkei in the 2014 general election. In this post she sets out her preliminary views on National’s new tax.