Gareth Morgan's new party policy reiterates call for tax on equity

Tue, 06 Dec 2016

By Fiona Rotherham Dec. 7 (BusinessDesk) - The first policy of Gareth Morgan’s new Opportunities Party has been released this morning – repeating a call he made earlier this year for a tax on equity to make the revenue system fairer. The tax policy, which matches the content of a Morgan Foundation report on tax released in April, proposes deeming a minimum rate of return on all productive assets, including housing and land. Those that already declare at least that level of income will be unaffected and those that don’t will pay more, t...

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