Company Tax Rates, Alliance Style

ACT has thrown company tax rates into the election circus. The reaction from other parties has been muted to say the least. No one seems to know how to respond.

The Alliance Party has never been afraid of controversy. Let’s look at company tax rates, and trust tax rates too for that matter. But let’s look at them from the viewpoint of reducing inequality and increasing the common good, as opposed to enabling companies to increase their profits per se. Continue reading

ACT Policies Tax The Alliance

Voters beware, if the government levies little or no taxes it will have no money. And if the government has no money it can provide no services.

Jamie Whyte’s announcement that ACT will push for a top tax rate of 24% and work towards a flat tax of 17.5% is like a red rag to a bull to the Alliance Party. New Zealand has been there, done that, in the 1980’s. It didn’t work. New Zealand is still counting the cost – entrenched unemployment, low wages, high housing costs, intergenerational poverty and inequality.

Flat tax is, quite simply, the enemy. It is unfair and unjust. It drastically reduces government income to spend on services that benefit everyone. Continue reading