Extax 'poorly researched’
PA Wellington The Opposition proposed “Extax” seems to be poorly researched and reveals a lack of understanding of the central issues of indirect taxation, according to the New Zealand Business Roundtable.
The organisation, which represents leading companies, said the existing GST appeared at this stage to score highly in meeting the criteria for a good tax. After examining the arguments, Rountable members had concluded that abolishing GST and replacing it with a near substitute in the form of a retail sales tax would be “a retrograde step.”
The Extax proposal for selective exemptions of food and some services also cut across the principle of neutrality in taxation, they said.
The report said GST had drawn favourable comment from international specialists, had been introduced smoothly and had received a high level of popular support. “While it may need some improvement from time to time, there seems to be little basis for proposing its abolition before experience with its operation has been gained and the superiority of any changes conclusively established.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19861226.2.127
Bibliographic details
Press, 26 December 1986, Page 19
Word Count
172Extax 'poorly researched’ Press, 26 December 1986, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in