ConservativeRep1
"Some people are doing quite well and a lot of people are struggling," said Dr Jo Spratt, Oxfam Aotearoa Communications & Advocacy Director. In Oxfam's latest inequality index, New Zealand ranked 136th out of 161 countries for fair wealth distribution. https://t.co/TLo2TFDfaB
— Oxfam International (@Oxfam) November 16, 2022
Aotearoa New Zealand’s new Prime Minister, Chris Hipkins, has said we should look at ways to make the tax system fairer. Finance associate minister David Parker made a similar point almost a year ago, though there was little real action after his comments.
Generally, people don’t object to fairness. The problem is that we don’t all agree on what fairness looks like – especially when it comes to tax.
Nonetheless, several commentators and politicians have outlined what they believe to be the ideal structure of a fairer tax system.
Tax everyone, or tax those who earn the most?
Some of these ideas include reducing income tax rates and increasing the goods and services tax (GST).
Read more at article:
It’s probably overdue for a review we are very dependant on our GST which I consider to be regressive in its nature