Friday, October 19, 2007

GST bites

This hasn't reproduced very well but you can go here or right click for easier viewing.

It shows NZ's general consumption tax as a percentage of GDP is much higher than the OECD average. The OECD average is 6.9, ours is 9 and Australia's is 4.1. High consumption tax disadvantages the poorest people the most because they spend a larger proportion of their income. While consumption taxes are generally fair, set too high, they are not.

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