Pandora papers and NZ

While we have mainly been occupied with containing the current Covid-19 outbreak, world news has been looking at documents revealing probable dirty capital and tax dodging by the affluent. NZ has a delayed local problem with this. Warning was given. We should just terminate the supporting legislation and replace it with transparency. (Updated)

Arses and Elbows

Deserving workers and undeserving workers in the public service.

updated

Key’s sloppy trust

An editorial in The Herald today keeps the pressure on Key. Meanwhile his “lawyer” can’t be happy, and Key hits peak condescension.

Scandals

Just a wee list to try and keep track of the current scandals our dear friends in the National party are dealing with.

Brilliant policy

I’ve got to stay that I stand in awe of this latest tax policy suggestion from the IRD. Simple, fair, easy to implement, it will be wildly popular. I think the Nats should adopt it at once.

Clamping down on trusts

One of the most popular uses of trusts is to hide income for tax avoidance or evasion. So, I was happy to read about the IRD’s success in a recent court case against two surgeons. The court found these two very rich men had used trusts to avoid tax to the tune of $168,000. The case will have big ramifications, potentially shutting down one of the biggest tax rorts in the country.

GST hike = tax cut for rich only

The numbers of National’s tax money go round leaked to the SST. I have worked out who wins and who loses. Key claimed that no-one will be worse off and the bulk will be much better off but 10% are worse off and 80% get next to nothing (without even counting the rent hikes). The elite get $100 in net tax cuts for every $1 the typical Kiwi gets.

Media finally getting it?

On the impending job losses at the IRD, TVNZ reporter Catherine Loft ended her report with: “Anyone who once thought that they were […]