Russel Norman tagged posts

New Zealanders Want an Earthquake Tax

April 4, 2011 New Zealand Taxation

Christchurch earthquake damage - 22 Feb 2011The Green Party of New Zealand has revealed the results of a recently commissioned survey which shows that a large number of New Zealanders are in favor of a temporary tax to help fund the cost of rebuilding Christchurch.

In a press release issued on April 4th Green Party Co-leader Russel Norman publicized the results of a recent survey aimed at gauging New Zealanders’ opinions on the best course of action to deal with the economic impact of the recent Christchurch earthquake.

The government has estimated that it will see a NZD 5 billion impact from the earthquake and arising recovery costs. The Prime Minister John Key has revealed that the sum will be met with a drastic decrease to national spending along with increased government borrowing...

Read More

OECD Nation tax Burden Falling

May 12, 2010 New Zealand Taxation

Four more countries commit to OECD tax standardsThe Organization for Economic Cooperation and Development (OECD) recently published new data cataloging personal taxation burdens of tax payers in member nations. The release shows that New Zealanders are faced with one of the lowest overall tax burdens in the OECD.

On May 11th the OECD publicized its latest Taxing Wages data, an annual publication cataloging year-to-year changes in personal taxation burdens among member states. The data concentrates primarily on calculation of nations’ tax wedge levels. For a single earner with no children, New Zealand is shown to hold the second lowest total tax wedge in the OECD, at a level of 18.4 percent. Mexico is recorded to have the lowest tax wedge, at 15.3 percent. The OECD average tax wedge was shown to be nearly 36.4 percent...

Read More