INDEPENDENT NEWS

New Zealand needs a Fairer Tax System

Published: Wed 17 Apr 2019 02:24 PM
17 April 2019
“We’ll continue to work with Labour to make our tax system fairer,” Green Party Co-leader James Shaw said today following the Government response to the Tax Working Group release.
“The Green Party has long called for a capital gains tax as a way to level the playing field for hard working New Zealanders who have struggled to get ahead.
“Taxing income from capital the same way we tax income from work would reduce the wealth gap, fix the housing crisis and build a more productive, high-wage economy.
“We’re particularly disappointed that the Tax Working Group’s unanimous recommendation to implement a capital gains tax on investment properties isn’t going ahead.
“Generations of New Zealanders locked out of the property ladder shouldn’t be left in an unfair position for life.
“The Green Party will continue to work with Labour on ways to make the tax system fairer, more progressive, and to advance other proposals in the Tax Working Group report such as pollution pricing,” says James Shaw.
ends

Next in New Zealand politics

Gordon Campbell on the Commerce Commission fuel report
By: Gordon Campbell
Bill to allow licensed premises to stay open for RWC matches
By: New Zealand Government
KiwiBuild programme losing another top boss
By: RNZ
Helping our cities grow up and out
By: New Zealand Government
Ngāpuhi elder 'shocked' by conditions at Ngawha Prison
By: RNZ
Independent election policy costing unit a step closer
By: New Zealand Government
Primary and intermediate principals vote to accept new offer
By: NZEI
Breach of 'journalistic privilege' during unlawful search
By: Independent Police Conduct Authority
BSA releases decisions on coverage of mosque attacks
By: Broadcasting Standards Authority
UPDATE: Lack of fuel competition may be costing $400m
By: BusinessDesk
Breaking wholesale stranglehold on petrol supply
By: BusinessDesk
Commission releases draft report on retail fuel market
By: Commerce Commission
CommComm report will lead to more regulation, but same price
By: ACT New Zealand
MTA pumped with fuel market study findings
By: Motor Trade Association
Oil reserves budget blow out reason for quiet levy increase
By: NZ Energy and Environment Business Week
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media