Having been selected by Don Brash as the “greatest living New Zealander”, Sir Roger Douglas has made his way to the former’s favoured speaker’s corner: the Orewa Rotary Club. He brought with him a “new” tax plan – essentially yet another reworking of the ideas which have circulated since the publication of Unfinished Business in 1993. Reading the report in today’s New Zealand Herald, under the new plan, the first $30,000 of income would be “tax free” in return for paying for one’s own health insurance, retirement and welfare costs. Above the $30,000, a flat tax rate of 15% would...
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