Researchers who analyzed a decade of data detected a reduction in giving after millions of Americans stopped getting a tax break tied to charitable giving.
Peter Martin, Crawford School of Public Policy, Australian National University
An astounding one in nine taxpayers negatively gear, costing Australia more than $2.7 billion a year. Here’s how we could get better value for that money – and supercharge investment in new housing.
A buyer could have to pay GST on a ‘substantially renovated’ home, but there’s often uncertainty about whether a renovation counts as substantial or not. A simple test could resolve the issue.
Jonathan Barrett, Te Herenga Waka — Victoria University of Wellington
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.
The government is hamstrung by its election promise to not raise taxes or bring in new ones. That’s for this term, but its narrow majority is likely to make Labor wary at the next election of bold tax reform promises.
Peter Martin, Crawford School of Public Policy, Australian National University
More than twice as many economists in the Economic Society of Australia poll picked “climate and the environment” as the most important election issue as picked housing, health, tax, or education.
Peter Varela, Crawford School of Public Policy, Australian National University; Kristen Sobeck, Crawford School of Public Policy, Australian National University, and Robert Breunig, Crawford School of Public Policy, Australian National University
We give the biggest concessions to those least likely to need persuasion to save well.
Nicolas Herault, The University of Melbourne; John Creedy, Te Herenga Waka — Victoria University of Wellington, and Norman Gemmell, Te Herenga Waka — Victoria University of Wellington
At 33%, New Zealand’s highest income tax rate is relatively low compared to other economies. Lifting it and cutting tax for low-income earners could improve welfare.
Citizens voting directly on policy seems like a good idea. But that led to the Brexit mess in the UK. In the US, two scholars say direct democracy deepens distrust of politics and government.