Taxation
Sir.—The Government said that the economy is too sick to have taxation reform: it must be a strange sort of medicine the Government is proposing that cannot be administered because the patient is too sick to take it. Perhaps the sort of medicine that the Government has in mind will actually make the patient more sick, namely V.A.T. — valued added tax. It is very important that New Zealanders do not confuse this inflationary and administrative nightmare called value added tax with the popular, simple, fair and broad-based taxation system being proposed of turnover tax. Turnover tax is a simple method of taxation where the individual or business pays a flat rate tax on their turnover of less than 10
per cent, no other income or sales tax is payable. Yours, etc.,
G N. RUSSELL July 31, 1981.
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Press, 5 August 1981, Page 20
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138Taxation Press, 5 August 1981, Page 20
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