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What would a “tax working group” look like under a coalition government?

If Winston Peters decides to team up with Labour and the Greens to form a coalition government, the establishment of a  tax working group remains a distinct possibility. Terry Baucher* discusses what the agenda for a tax working group might look like. 

I believe the terms of reference for any tax working group should include:

  • reviewing the under-taxation of capital and the over-taxation of savings;
  • the interaction of tax and social assistance such as working for families’ tax credits and the issue of high effective marginal tax rates;
  • the taxation of multinationals; and
  • the role of “environmental” taxes such as the Green Party’s mooted Carbon Tax and the Labour Party’s controversial Water Tax.

 

Coincidentally, these topics are similar to those covered by the terms of reference of the McLeod Review in 2001. Its terms of reference Read more

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