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.
Overseas experiences suggests a targeted system using smart cards for buying fruit and vegetables would be more effective than broad-brush changes to the tax system.
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.
Imagine taking money from others when times were bad, and not paying it back when times improved. That’s Western Australia’s approach to the other states.
Asked to choose the fairest ways to raise billions, half of the economists backed introducing inheritance taxes. Around a third chose winding back super tax concessions and increased resource taxes.
Heading into the 2023 election, politicians and commentators have said New Zealand’s tax needs to be fairer. But opinions on how to make the system fairer vary wildly.
The call for GST exemptions on food is a regular feature of New Zealand politics, but it’s far from the simple cost of living solution many seem to think it is.
Ending GST on some foods is being touted as a way to reduce food poverty. But cheap food comes with a high environmental and health cost. Is there a way to value food but reduce hardship?
The Australian government’s spending on its biggest tax concessions has jumped 24% in the past year.
Australia’s tax relief rules are outdated. Here are three key points for reform.
Once paid, tax becomes the property of the government. Pretending otherwise undermines the basic principles of the social contract.
In the Howard government, there was near-consensus in Cabinet that an ETS was eventually likely. A spike in asylum-seeker arrivals stimulated the hard “deterrent’ strategy” that would morph into the “Pacific Solution” in 2001.
Tasmania gets more of its revenue from “bad taxes” than any state or territory other than Victoria, and less from “good taxes” than anywhere other than Queensland.
Finance Minister and Labour finance spokesperson Grant Robertson: higher tax revenue will be spent on economic recovery.
Both major parties refuse to grasp the nettle of New Zealand’s narrow and inherently unfair tax base.
Going GST-free for six months would cost the budget $35 billion. Very little of it would be wasted.
Boosting the GST and swapping land tax for stamp duty get headlines, but they never seem to happen.
two leading economists on Australia’s post-COVID economy
Michelle Grattan discusses the economic future of Australia post-COVID with economists Richard Holden and Warwick McKibbin
We are failing to collect and giving away in tax concessions hundreds of billions.
John Howard called an election a fortnight after announcing the GST on August 13 1998, which he only narrowly won.
National Archives of Australia
The introduction of the GST got off to a wobbly start, but has since become accepted as the Australian way of paying for things.
Coalition leader John Hewson had trouble selling his economic policy platform to the electorate.
NATIONAL ARCHIVES OF AUSTRALIA
All the polls suggested the Keating government would be finished at the 1993 election – until Opposition Leader John Hewson launched a 650-page policy document called “Fightback!”.