All of Japans highways are tolls, and it costs more than 300$ to…, a photo by alexis_johnson_nz on Flickr. and you probably can’t claim a single tax deduction from a single...
success quote breakaway marketing, a photo by rep.breakaway on Flickr. “the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.” ― Henry Hazlitt So what we have been told for decades now is that paying tax is good but paying too much tax is not good. How do you pay tax but not too much tax? You pay the amount of tax that you must but as Kerrie Packer used to say “never a cent more” I agree…especially when you see what some of the tax money is being wasted on these days. In fact I was talking with Real Estate Developer Kenyon Clarke just the other day and we were discussing his brand new project in Auckland. This project is going to be a real money earner for people who invest in it and yet, those very same people will actually get tax deductions because they own the project. Now that is a great investment to...
Tax, a photo by 401(K) 2013 on Flickr. NZ needs to take a bigger bite of Apple and co. Like many, I have been watching the debate over the amount of tax paid by multinationals like Apple, Google and Facebook among others, operating in New Zealand. This has been running on and off over the past few years and again raised its head over the holiday period. One of the most striking features of this debate seems to be the amount of hand wringing over how we need an international solution to this, how we are waiting to reach agreement on how it should be tackled on a global scale. This seems about as likely to occur as an agreement on global carbon dioxide production...
Taxes, a photo by Tax Credits on Flickr. We need a capital gains tax – or do we? On one side, the proponents of capital gains tax are citing economic efficiency and fairness and saying we must protect the integrity of the “broad-based, everyone pays” tax system. Yet on the other hand opponents say we don’t need it, never needed it and once we’ve got it capital gains tax will never go away. It’s going to be an extraordinary debate, but what we need now is an informed look through the issues, benefits and drawbacks of a new tax. We must decide: what’s best for the country and the...
Taxing, a photo by curious_spider on Flickr. It’s no secret that shoppers are increasingly migrating online to take advantage of the huge cost savings and extra variety of doing so – even sneaking into local bricks and mortar shops to try on or test out gear before going back home to buy online, for much...