--> "Two-thirds of New Zealand's richest people are not paying the top personal tax rate, with increasingly complex overseas schemes and bank accounts being used to evade the taxman."
the NZ Herald article doesn't mention
is the well documented fact that these are the very people who are most likely
to be members or supporters of the National and ACT parties, regularly making
large donations to these parties, and support further cuts in social spending
in order to further reduce the top rates of tax that they are successfully
bulk of the media has been highly critical of the Government's pathetically
inadequate response to the demand for food in schools for poverty stricken
children from a right-wing perspective in which journalists emphasise “parents'
responsibility for feeding their kids”. Yet at the same time the media is
conspicuously silent about New Zealand's wealthiest individuals doing
everything they can to avoid paying the taxes that they are supposed to be
a classic case of the greed of the rich prevailing over the needs of the poor
hidden behind an ideological smoke screen generated by the corporate media. So
while we get an endless stream of articles focusing on welfare beneficiaries ‘ripping
off the state’, we hear relatively little about the fiscally much more significant
problem of tax evasion and avoidance by the rich.