Taxpayer money-go-rounds hampering growth, says NZ Initiative

Thu, 20 Nov 2014

By Pattrick Smellie Nov. 20 (BusinessDesk) - Income redistribution schemes such as Working for Families, which pay back money people have often already paid as tax, are a barrier to the economic productivity improvements that could easily overcome projections showing New Zealand faces a long term government debt problem, says a new paper from the New Zealand Initiative, a think tank. Authored by economist Bryce Wilkinson and research assistant, Khyaati Acharya, the "Guarding the Public Purse" report suggests New Zealand has slipped behind...

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