Peter Conway's paper asks the question about whether in next Thursday's Budget we will see a ‘tax switch’ or a ‘tax swindle’. In particular it focuses on the impact of possible changes in the tax scales. Peter argues that the tax switch is built on poorly developed arguments around tax and economic growth and the connection between tax and labour mobility. He does agree with the arguments around the need for greater tax on property.
However Peter contends it is unfair if the benefit of these changes is overwhelmingly captured by those already on high incomes. Peter's paper can be downloaded here and you also get Papers and Presentations from previous Fabian lectures and seminars.
Last week's Christchurch Fabian 'Bold Choices' seminar is covered in today's Dom-Post:
On a sunny Sunday afternoon in Christchurch about 50 people gather to listen to four men preach what big business and government circles consider economic heresy.
The speakers are Business and Economic Research chief economist Ganesh Nana, hi-tech businessman Selwyn Pellett from Endace, Manufacturers and Exporters Association chief executive John Walley and business commentator Rod Oram.
They are all singing a similar song: The New Zealand economy is broken and needs a drastic policy shift to avert complete disaster brought on by ballooning foreign debt and a crippled export sector...