Tuesday, 27 November 2018

No new taxes?


"Some experts have declared that it is necessary to tax
the people until it hurts. I disagree with these sadists."

~ Ludwig Von Mises, from his essay ‘Defense, Controls, and Inflation

National's boy-leader promises "no new taxes" in the event he is one day elected. His one-time mentor John Key once promised the same. Not longer afterwards, we were subjected to:
  • a GST increase from 12.5% to 15%
  • a new GST on items purchased online from overseas
  • a new Telecommunications Levy
  • a new Border Clearance Levy
  • capital gains tax on houses sold after owning for less than two years
  • increased taxes on KiwiSaver
  • the 2012 ‘Paperboy’ tax
  • a Civil Aviation Authority fees increase
  • an additional fuel tax increase of 9 cents per litre, with annual CPI increases locked in for perpetuity
  • Road User Charges increased
  • tobacco excise whacked up
  • massive increases in ACC levies
  • new online company filing fees
  • a creeping expansion of the scope of Fringe Benefit Taxes; and, most recently
  • the so-called "Netflix tax" on services, media or software purchased from an overseas online retailer.
And those are only the ones I noticed.

So much as we may wish to believe the boy-leader, your average Nigerian scammer would be more likely to deliver on their promises.
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