I dare say that if the corporates were not there then the income tax wouldn't be collected either? Or am I mistaken in thinking that corporates employ people?
Printable View
While that is true, there never seems to be much net profit left over from all of these larger businesses. Farming is one big business area that suffers from the same issue. Bigger companies all seem to have large capital expenses (some of which are deliberately put in place to reduce immediate tax payable) and when large lump sum profits are made, it's generally for a business sale, with no final tax being due.
Any comment on ACTs policy:
http://www.nbr.co.nz/article/act-tax...dget-ck-155926
I don't agree with much of it but will be interesting to see how it impacts in nationals policy, should they win the election.
To the right wingers, the policy, and Jamie's performance on the Nation today should give them confidence. If they keep going as they are, and they get the cup of tea, I see them getting more than 1 MP.
I think they will get 2, but they won't have much influence on National apart from propping them up. They've strayed too far from original Act policies which I thought were excellent, although very few bothered to find out what they were. I was surprised by no mention of Colin Craig's mob on The Nation this week.
The reality is that the "corporates" relied on the workers for a century or two and now the corporates rely on the "technology" to get around the union based workers. Get used to the new order. The right will win the next election because the economy is in surplus and most of us are feeling comfortable with the world as it is.
Well assuming they get in, and the right win, then they should have 2/61 say. More than 2/62 of their policy is good so hopefully they do get in. I assume because they have no sitting MP's. Likewise the Internet Party which is probably polling similar to the conservatives.
I wonder if they will be allowed to participate in future if they get a cup of tea (or a deal with Mana)