Tuesday, January 10, 2017

Denying the obvious


The above is a graph showing the distribution of declared taxable income in 2015. The Greens' James Shaw points out that he spike just below $70,000 - the level the top tax rate kicks in - is awfully suspicious. It looks a lot like the rich are manipulating their incomes to dodge taxes. But Revenue Minister and former tax-cheat-enablerlawyer Judith Collins says its nothing of the sort. Apparently its just disbursements from trusts and companies. Which, entirely coincidentally, just happen to have tracked the top tax threshold every time it has shifted...

Yeah, right. How stupid does Collins think we are? It is clear that the wealthy are using corporate and trust vehicles to cheat on their taxes, just as they always have. And as Revenue Minister, Collins' job is to stop that, not make excuses for it.