The independent advisor has suggested the Group should consider rules targeted at a subset of the self-employed. Specifically where the self-employed person has minimal capital invested in the business or has no employees.
New Zealand has a formalised Generic Tax Policy Process (GTPP) which contains opportunities for public engagement throughout the different phases of the policy process. We consider that the GTPP plays an important role in creating and sustaining a
This paper outlines the main arguments for and against a financial transaction tax (FTT). The paper is intended to facilitate discussion between members of the Group about whether an FTT would be desirable in New Zealand.
This background paper is for the Group’s information. It:
· Provides some information about the distribution of income and wealth from a gender perspective, and describes the impact of the tax system on households with two earners.