"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).
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One CommentLeave a Reply
It’s probably overdue for a review we are very dependant on our GST which I consider to be regressive in its nature