Comrade Morgan wants rich pricks to cough up even more tax

There is only really one thing I agree with Gareth Morgan on…death to cats.

As for everything else, the man is a commie and a lunatic to boot….like his plans to tax people even more.

Economist Gareth Morgan believes New Zealand could be missing out on up to 25 percent of total income tax because the rich aren’t paying their fair share.

Morgan also told The Nation it is possible to get global corporations like Apple and Facebook to pay more tax on what they earn here.

The Government collects about $30 billion per year in income tax, but Mr Morgan says that take could be much bigger. The figures come from a soon-to-be-published report from the Morgan Foundation.

Dr Morgan says the report on New Zealand’s current tax system shows that the burden is falling on middle- and working-class families.

“There’s no free lunch here. If the rich aren’t paying their fair share, someone else has to pay more than they otherwise need to,” he says.

There he is with this “fair share” nonsense. The top 15% of taxpayers pay 75% of the tax…he’s right, they aren’t paying their fair share…they are paying far more than their fair share. Time for the bludgers to start paying their fair share.

Dr Morgan proposes a tax on equity to level the playing field, meaning people could be taxed for owning a house or even an expensive car. His example is a house worth $500,000, which would attract a tax of $6000 a year.

But that idea has been criticised as being too broad.

“If you’re going to tax Auckland homeowners, with a house value of about $1 million, why would you also tax homeowners in Whakatane or Gisborne or Hastings at the same rate, when they’re not making as much money?” says First Union communications manager Morgan Godfrey.

Adding to the tax imbalance are the global corporations such as Google and Facebook paying comparatively low tax.

A recent New Zealand Herald investigation found a group of foreign companies with $10 billion in New Zealand sales paid just $1.8 million in tax.

“They’re transferring their profits to other jurisdictions who are then able to transfer them to a third jurisdiction, which is a tax haven,” says Dr Morgan.

Good point about the Herald investigation…in their case they simply didn’t pay $68 million in taxes…dodging them completely. They left that out of Matt Nippert’s report though…strangely.

The problem with unreconstituted commies like Gareth Morgan is that they’ve never met a tax they didn’t want to implement.

 

– Newshub

 


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

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