Reddell on windfall taxes

Summarised by Centrist

Michael Reddell critiques a column by Council of Trade Unions economist Craig Renney, who suggests New Zealand’s National Party adopt a left-wing tax policy, including windfall profits taxes, as mentioned in a United Nations report. 

Reddell says Renney’s proposal, inspired by European countries taxing industries with pandemic-related gains, has no relevance to New Zealand. 

He also notes the European taxes were largely on fuel companies due to EU sanctions on Russian exports, a situation not applicable to New Zealand. Reddell dismisses Renney’s broader claims about supermarket and bank profits and provides interesting data. . He further criticises Renny’s proposal for not considering this country’s high company tax rates and relatively low level of business investment.

Read more over at Croaking Cassandra

Enjoyed this story? Share it around.​

Subscribe
Notify of
guest
0 Comments
Most Voted
Newest Oldest
Inline Feedbacks
View all comments

Read More

NEWS STORIES

Sign up for our free newsletter

Receive curated lists of news links and easy-to-digest summaries from independent, alternative and mainstream media about issues affect New Zealanders.

GRAHAM ADAMS: Trans ‘No Debate’ policy collapses

If you want to attack anyone for what you and a few of your fellow ideological travellers see as doctrinal error, you really shouldn’t make your target the grieving parents of a child who died alone of starvation in a motel room.

GRAHAM ADAMS: Trans ‘No Debate’ policy collapses

If you want to attack anyone for what you and a few of your fellow ideological travellers see as doctrinal error, you really shouldn’t make your target the grieving parents of a child who died alone of starvation in a motel room.

0
Would love your thoughts, please comment.x
()
x