Wednesday, March 5, 2008
Calm down, PM! I'm not seriously suggesting we do. But the Uk Libertarians say it is feasible.
Tory-aligned blogger Iain Dale, describes the policy as 'pie in the sky.'
Now, the UK Libz say just by reducing government spending back to what it was 5 years ago, so much money can be saved , that income tax could be abolished.
Obviously VAT (GST) at 17.5% and a raft of other taxes means the UK Treasury coffers would still be full.
But it got me thinking. Could New Zealand consider anything similar? Extra billions pumped in public services seem to have delivered nothing in terms of better healthcare, education, etc, etc.
How much scope is there for a radical overhaul of our tax structure?
Perhaps this is a task for Peter Cresswell and others to consider. How detailed are the NZ Libz with their policy prescriptions? Or is abolishing income tax 'pie in the sky' here too? Does ACT offer anything here?
Posted by FAIRFACTS MEDIA at 4:40 PM