Cullen to lead Tax Working Group
Finance Minister Grant Robertson says that the Working Group, which will be chaired by Sir Michael Cullen, will consider changes to improve the structure, fairness and balance of the tax system.
“At the moment the tax system appears unfair – for example, it doesn’t treat income from speculation in housing as it does income from work, he says.
“We want to consider how we can create a better balanced system and can encourage a shift to investment in the productive economy.”
Robertson doesn’t believe that individual wage-earners, businesses, asset owners and speculators are paying their fair share of tax – and says they should be.
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