A Programme of Phased Cuts in Company Tax Over-taxing mobile capital is not a good idea – not if you want jobs and higher wages anyway. Last week the ACT Leader announced a plan for a programme of phased reductions in the company tax rate, with one percentage point per year reductions in the company tax rate for eight years, to a target of 20%. He said Budget 2015 should be signalling continuous improvement in
Sharing Economy to be worth $335 Billion. Price Waterhouse Coopers project that the sharing economy, Uber, Air BnB, Chariot and the like, will be worth $335 billion worldwide by 2025. Long term surveys show people are becoming less trusting, while increasingly using sharing apps where trustworthiness is recorded over successive transactions. Technology is complimenting free market activity and reducing the need for government regulation. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11434321
Markets of Virtue It is popular to decry market
It’s Catching Vernon Small of the Dom Post says ACT’s call to index tax brackets to inflation is a ‘canny policy.’ The only real downside? “Let’s face it, when it comes to vote-harvesting, drip fed tax cuts will never beat a multi-billion dollar election year tax package.” That people will keep their own money without having to wait for an election lottery is actually another reason to support the policy.
Defending John Campbell Tribal
Outstanding Performance Over the weekend, David Seymour used an interview on TVNZ’s Q+A to outline ACT’s relevance. Correspondence has poured in saying it is his best performance yet. It’s still online here.
The Real Outcome of Northland You’ve heard it before, but a point worth repeating from Q+A: By refusing to compete in the heartland provincial seat of Northland, Labour’s Andrew Little ceased being the prime opposition leader. Winston Peters destroyed Bolger and
It is Tight The weekend’s election shows how crucial ACT and Epsom are to stable centre right government.
Don’t Cry for Me Aotearoa Regions like Northland need resource development (see the excellent report From Red Tape to Green Gold by the New Zealand Initiative). The largest handbrake on this is the Resource Management Act. With Peter Dunne intransigent on RMA reform and ACT short one vote, RMA reform will now be decided by