The Costs of Tax in New Zealand

New Zealand's tax expense "Animal farting tax makes New Zealand farmers unemployed", "Reducing opportunities to lose weight", "Five year old urgent need 51 kilograms of obesity tax" - You are a newspaper However, what is the importance of these taxes? Recently the government has proposed two new taxes, but indeed peace has not been received.

Currently, the New Zealand tax system has no capital gains tax (New Zealand's future tax system, 2010). Compared to Australia, the New Zealand tax system does not tax income generated by capital investment such as real estate, stocks, bonds etc. The absence of such taxes in New Zealand has several major economic consequences. In addition, it limits the expansion of the tax base and leads to an increase in demand for housing investment. As stated in Section 1, taxation is a mechanism to bring substantial income to the government and reduce unnecessary activities. According to TCG, the integrated tax system promotes fairness and impartiality, enables full growth, guarantees and maintains the completeness of the revenue. It should be easy to manage and cost effective (New Zealand's future tax system in 2010)

New Zealand has a tax refund system called "working for the family" assigned to families based on income and number of children. In the 2012 report, Dr. Russell Wills of Children's Committee recommended that New Zealand adopt universal child welfare and the government refused to accept it. From September 2018, all the family members of children from 0 to 5 received cash from the Korean government to the bank account of the parent company every month 100,000 won. The exception is the top 10% of the wealthiest households excluded from this benefit (however, the actual percentage of households excluded is close to 6%).

Please note that Mr. Glaser refers to the tax law, land tax, in the interview. In New Zealand, we refer to it as a value tax - local government tax not improved. He prefers this tax because it does not increase the marginal cost to build more houses in urban areas. As with BRT, Glaser also considers that taxation on road traffic is an exciting idea and can benefit from the ability of commercial landowners around train / subway stations to develop commercial and residential spaces I will. The railroad system Glaser said that these transportation systems are as good as complete commercial operation. For car dependence, Glaeser discussed in detail the freeway is vacant, they encourage too much popularization and cause several malfunctions in the city.