Aspiring Conversations(@aspiringconv) 's Twitter Profileg
Aspiring Conversations

@aspiringconv

Aotearoa's best little festival of ideas. March 25-27, 2022.

ID:2566295402

linkhttp://aspiringconversations.co.nz calendar_today14-06-2014 02:35:01

839 Tweets

226 Followers

382 Following

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Shamubeel Eaqub: Myth that if state got out of way someone else would deliver. Won’t have healthy affordable houses built by private sector. Need to raise revenue to do good things. Don’t have time to keep killing children with rheumatic fever. We can make tangible difference

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Max Rashbrooke: What we are doing now is not enough for those in poverty. People are suffering day by day. Until we change inequality will grow and won’t get better.

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Max Rashbrooke: Need to force companies to pay taxes where they make money not where they choose to pay tax. Pay taxes where sales are - allocate profits to that country and pay that tax tare and prevents siphoning off

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Max Rashbrooke: Recall argument in UK about whether mallowpuffs are cakes or biscuits as they are treated differently in the way they are taxed

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LisaMarriott: (on changes to GST): The more we move away from simple tax system you generate complexity around purchases - if someone buys a potato to plant in the ground, is that a food item or something else?

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Shamubeel Eaqub: Tax is one part of arsenal with dealing with health issues. Favour sugar tax because such a huge public health issue. But would never be big enough in beginning to change behaviour. Public policy works better when using not just one tool.

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Shamubeel Eaqub: Lot of things can do in NZ. Land tax is favourite of mine but needs to come with concessions. Got to show thinking about equity and transition people in. Shamubeel Eaqub

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Lisa Marriott: CGT not only option for taxing wealth. We don’t have inheritance or death taxes. Lot of countries have combinations.

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Shamubeel Eaqub: Govt is fearful about upsetting people. There are ways to rebalance it. In NZ we pay too much tax on work & consumption because there is no tax on capital. Many people in future could have more money in back pocket. Shamubeel Eaqub

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Lisa Marriott: (on Capital Gains Tax) If people understood how it would work and who would pay then we would see a lot less opposition to it. Your own family home won’t be subject to it and the tax is only on the gain. There is a real communications issue

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Panel: Brightline test becoming more radical over time as it gets longer and longer. Sneak it in and don’t call it a tax.

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Max Rashbrooke: Change creates own reality. Banning smoking in pubs changed reality. If Govt had courage of Capital Gains Tax and brought in would be harder to unwind by future govts

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Lisa Marriott: Inland Revenue funding cut and not seeing response to the egregious behaviour with reliance on whistleblowers

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Lisa Marriott: Taxing wealth - what NZ does is different. We’re only taxing wealth on small number of transactions and this leads to problematic behaviour including issues with housing

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