Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 
8193 posts

Uber Geek

Subscriber

  # 1650119 13-Oct-2016 08:47
Send private message

So 15% of free is still free.. 





Regards,

Old3eyes


5385 posts

Uber Geek


  # 1650142 13-Oct-2016 09:21
Send private message

kiwigeek1:

 

its just more tax that affects the lower income people

 

 sure tax is fine but maybe they need to make sure the livable wage is met.. like $19/hour or that expert

 

stating $25/hour is what all need to be stating on (Nigel L. show on tv recently)

 

 

The thing about GST is it works because it's applied to everything.  There are frequent calls to have exemptions for this and that, but exemptions just allow space for questionable interpretations.

 

A negative of GST is it applies to more of your income when you are on low income because you have to spend most of what you earn.  But the solution to that is to increase people's incomes.

 

Higher wages seems inherently more efficient as a mechanism of income transfer than taxation.  The question I always have is will it work.  Or will it simply cause inflation and no-one will be better off?





Mike

 
 
 
 


13317 posts

Uber Geek

Trusted
Lifetime subscriber

  # 1651332 14-Oct-2016 21:59
Send private message

MikeAqua:

 

kiwigeek1:

 

its just more tax that affects the lower income people

 

 sure tax is fine but maybe they need to make sure the livable wage is met.. like $19/hour or that expert

 

stating $25/hour is what all need to be stating on (Nigel L. show on tv recently)

 

 

The thing about GST is it works because it's applied to everything.  There are frequent calls to have exemptions for this and that, but exemptions just allow space for questionable interpretations.

 

A negative of GST is it applies to more of your income when you are on low income because you have to spend most of what you earn.  But the solution to that is to increase people's incomes.

 

Higher wages seems inherently more efficient as a mechanism of income transfer than taxation.  The question I always have is will it work.  Or will it simply cause inflation and no-one will be better off?

 

 

 

 

For me, GST and similar taxes like VAT in the UK fail a logic test. Why should you pay tax to spend money on which you paid tax?

 

 

 

As a business owner, it also fails a fairness test because it requires businesses to carry out unpaid tax collection and accounting on behalf of the government. I have always felt that businesses should be entitled to deduct some part of GST/VAT etc to represent pay from the government towards the cost of carrying out their tax collection duties for them.






2987 posts

Uber Geek

Lifetime subscriber

  # 1651426 15-Oct-2016 09:28
Send private message

Geektastic:

 

For me, GST and similar taxes like VAT in the UK fail a logic test. Why should you pay tax to spend money on which you paid tax?

 

 

Are you including sales tax and petrol tax and road user charges in "similar taxes"? What about rates? ACC? Kiwisaver? Customs? Speeding fines? They're all just different ways for the Govt to collect money.

 

 

As a business owner, it also fails a fairness test because it requires businesses to carry out unpaid tax collection and accounting on behalf of the government. I have always felt that businesses should be entitled to deduct some part of GST/VAT etc to represent pay from the government towards the cost of carrying out their tax collection duties for them.

 

 

The precedent has been established long ago for PAYE tax collection by employers.

 

 


1 | 2 
View this topic in a long page with up to 500 replies per page Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Microsoft New Zealand Partner Awards results
Posted 18-Oct-2019 10:18


Logitech introduces new Made for Google keyboard and mouse devices
Posted 16-Oct-2019 13:36


MATTR launches to accelerate decentralised identity
Posted 16-Oct-2019 10:28


Vodafone X-Squad powers up for customers
Posted 16-Oct-2019 08:15


D Link ANZ launches EXO Smart Mesh Wi Fi Routers with McAfee protection
Posted 15-Oct-2019 11:31


Major Japanese retailer partners with smart New Zealand technology IMAGR
Posted 14-Oct-2019 10:29


Ola pioneers one-time passcode feature to fight rideshare fraud
Posted 14-Oct-2019 10:24


Spark Sport new home of NZC matches from 2020
Posted 10-Oct-2019 09:59


Meet Nola, Noel Leeming's new digital employee
Posted 4-Oct-2019 08:07


Registrations for Sprout Accelerator open for 2020 season
Posted 4-Oct-2019 08:02


Teletrac Navman welcomes AI tech leader Jens Meggers as new President
Posted 4-Oct-2019 07:41


Vodafone makes voice of 4G (VoLTE) official
Posted 4-Oct-2019 07:36


2degrees Reaches Milestone of 100,000 Broadband Customers
Posted 1-Oct-2019 09:17


Nokia 1 Plus available in New Zealand from 2nd October
Posted 30-Sep-2019 17:46


Ola integrates Apple Pay as payment method in New Zealand
Posted 25-Sep-2019 09:51



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.