Compared to countries we might benchmark against, New Zealand ranks poorly for inequality and the redistributive measures that would fix it. But other countries have shown it is possible to change.
Capital gains taxes are often lauded as the fair way to ensure everyone pays their fair share. But when you map out different tax scenarios, taxing capital gains many not be as fair as it seems.
Jonathan Barrett, Te Herenga Waka — Victoria University of Wellington and Lisa Marriott, Te Herenga Waka — Victoria University of Wellington
The Labour Party’s proposed capital income tax targets earners whose gains are missed by the current system. We explain how this is different from other taxes targeting the wealthy.
Nobel Prize-winning American economist Joseph Stiglitz made the assertion on ABC’s Q&A on Monday night. What exactly did he mean, and does the claim stack up?
Jonathan Barrett, Te Herenga Waka — Victoria University of Wellington
Local government raises about 4% of New Zealand’s tax revenue. The equivalent in Denmark is about 36%. If the government believes in ‘localism’, it has to give councils more power to raise revenue.
Australia’s progressive tax system is designed to ensure that those who earn more contribute more accordingly. One of the biggest challenges is ensuring it stays fair over time.
Financial years create a standardised timeframe for business reporting, government budgeting and tax collection. But their start and end dates vary around the world.
Peter Martin, Crawford School of Public Policy, Australian National University
Former treasury boss Ken Henry has fessed up to helping dumb down debates about tax and budgets to lists of winners and losers. He says what matters is what wins rather than who.
Lisa Marriott, Te Herenga Waka — Victoria University of Wellington and Jonathan Barrett, Te Herenga Waka — Victoria University of Wellington
National’s tax policies have been tweaked since the election, thanks to coalition agreements with NZ First and ACT. But the plan for tax cuts seems to have survived, to the benefit of core supporters.
In our first podcast of 2024, Shadow Treasurer Angus Taylor discusses the tax broken promise, where the economy is heading, falling inflation, and more.