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MAY 18

Tax Working Group




The link to my submission to the Tax Working Group.

http://www.johnwalley.co.nz/files/Submission to Tax Working Group Final.pdf

It will be interesting what happens this time round, we can but hope that this time change will happen that will help rebalance our economy.

The absense of tax on some asset classes means that those classes are over represented in the economy and the others carry a more oppressive tax load than would otherwise be the case.

The longer the can is kicked down the road the worse will be the correction when it comes - as it must: too much debt on real estate, too high an exchange rate, not enough activity, increasing inequality, low job quality, fewer jobs, and lab grown meat and dairy.

Buckle up its going to be rough, and even rougher the longer we wait.


tags: tax working group, capital gains tax, tax, carbon tax
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