$207 Million Per Day in Share Trading And No One’s Thinking About A Financial Transactions Tax. Seriously?

The NZX has reported that average trades increased in value in October by 56% to an eye-watering $207 million – per day.

That is $207 million worth of share transactions each day that no GST is paid on. For reasons that have never been made entirely clear, financial services, unlike other goods and services, are exempt from GST.

The government claims it is strapped for cash, especially when it comes to spending on essential services such as health, education, infrastructure, and social welfare. With the record-breaking turnover on the NZX, surely it is time to look at taxing financial transactions. Continue reading

What’s Dotcom Got The Alliance Hasn’t?

What has Dotcom got that the Alliance Party hasn’t? He is the founder of a yet unregistered political party which like the Alliance fails to rate a mention in opinion polls. His feelings on the GCSB and our government spying on behalf of the US are the same as ours.

We too recognize that access to information is a vital tool in reducing inequality and support access to better internet services for everyone. We also support fair use of content and a robust public domain. We are no fans of patents and copyrights that allow holders inflate the cost of everything and deny people access to such essentials as lifesaving medications or technologies. Continue reading