“the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.”
? Henry Hazlitt
So what we have been told for decades now is that paying tax is good but paying too much tax is not good.
How do you pay tax but not too much tax?
You pay the amount of tax that you must but as Kerrie Packer used to say “never a cent more”
I agree…especially when you see what some of the tax money is being wasted on these days.
In fact I was talking with Real Estate Developer Kenyon Clarke just the other day and we were discussing his brand new project in Auckland. This project is going to be a real money earner for people who invest in it and yet, those very same people will actually get tax deductions because they own the project.
Now that is a great investment to have.
New Zealand ministers will try to persuade their Australian counterparts to give them access to Australia’s tax data to allow Inland Revenue to claw back hundreds of millions in student loan debt owed by expatriate New Zealanders. Prime Minister John Key and six ministers leave today for a joint Cabinet meeting with Australian Prime Minister Tony Abbott and his ministers. They are accompanied by a business delegation. Economic Development Minister Steven Joyce said he was hoping to make some progress on several bilateral initiatives related to the huge amount of student loan debt owed by New Zealanders in Australia.
Residency Tax Advice
via :NZ Herald News.
Have you noticed that the little popups in the malls for tax related returns have suddenly reappeared? As I walked past one today I noticed that the popup was manned by people who might have been qualified to be accountants but certainly didn’t look it. as I...read more
Residency Tax Advice New Zealanders living and working overseas can breathe a little easier now tax authorities have agreed that renting out a house they own in New Zealand doesn’t automatically make them a New Zealand taxpayer. The Inland Revenue Department has...read more
Aotearoa New Zealand Auckland Apartment Buildings 0411, a photo by itsabitblurry on Flickr. Savvy investors can make a profit in almost any market. An investor must know where his profits are coming from before entering a real estate transaction. Knowledge of exit...read more
High Rises, a photo by *fotu on Flickr. What do High Rises have to do with Tax Time? A lot really…..well a lot of you want to minimise the amount of tax you want to pay. Many years ago apartments became the pick of investment vehicles in Australia because of the...read more
success quote breakaway marketing, a photo by rep.breakaway on Flickr. “the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax burden grows beyond a bearable size, the problem...read more
Tax by definition, a photo by Alan Cleaver on Flickr. It’s interesting how sitting in a cafe and chatting to someone like Kenyon Clarke can be incredibly motivating. With Tax Time right around the corner Kenyon was talking about his new project in Auckland and...read more
Tax, a photo by 401(K) 2013 on Flickr. New Zealand ministers will try to persuade their Australian counterparts to give them access to Australia’s tax data to allow Inland Revenue to claw back hundreds of millions in student loan debt owed by expatriate New...read more
Tax, a photo by 401(K) 2013 on Flickr. NZ needs to take a bigger bite of Apple and co. Like many, I have been watching the debate over the amount of tax paid by multinationals like Apple, Google and Facebook among others, operating in New Zealand. This has been...read more
Taxes, a photo by Tax Credits on Flickr. We need a capital gains tax – or do we? On one side, the proponents of capital gains tax are citing economic efficiency and fairness and saying we must protect the integrity of the “broad-based, everyone pays”...read more
Taxing, a photo by curious_spider on Flickr. It’s no secret that shoppers are increasingly migrating online to take advantage of the huge cost savings and extra variety of doing so – even sneaking into local bricks and mortar shops to try on or test out...read more