Having spent the last 3 months in these countries and getting some appreciation of their dependence on fossil fuels – oil, gas, coal – one realises how loopy is the idea popular in societies like New Zealand that have negligible … Read More
Cullen’s Tax Working Group: High on politics of envy, low on economic literacy
Tax Working Group head, Michael Cullen, asserts that the capital gains tax (CGT) is best described as a “tax on capital income”. Since when have capital gains been income? Show me any country’s national income accounts that include them in … Read More