The Tax working group is in full swing and due to release their report soon:
I was at a conference in the other weekend which I cant tell you much about but, dont expect too much from the group, already the Government has shot down many of the suggestions being tooted around in the media:
The group is looking at a land tax, capital gains tax: Although technically we already have a capital gains tax, so maybe the issue may be getting that right and ensure that it is enforced better.
A capital Gains tax that enforced or realized gains is good:
The main issue is the people who are wrorting the system with property developments:
My other concern is that hard working Kiwi's are being taxed twice, personal tax and gst: Its far too high: We need to get taxed lower, and take more control and responsibility for our own social well being:
We can look at paying for our own social insurance and health insurance for a start.
Friday, October 23, 2009
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