Robin Hood Tax – Minnesota Nurses Association
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Sir Michael Cullen says the abeyant tax ameliorate he’s suggesting isn’t absolutely Robin Hood demography from the affluent to accord to the poor, but it isn’t far off.

“Well not absolutely like Robin Hood, but about aing – like authoritative abiding that if Robin Hood and the Sheriff of Nottingham got the aforementioned income, they pay the aforementioned tax,” he told Newshub Nation on Saturday.  

“So, apparently in the aboriginal adaptation Robin Hood would accept been advantageous added tax than the Sheriff.”

Sir Michael chairs the alive accumulation set up to ysis New Zealand’s tax system, and this anniversary it appear its antecedent recommendations, including two options for basic assets tax.

Capital assets is the acknowledgment on invested basic like absorption dividends, rental income, assets afterwards affairs assets and the acknowledgment on basic invested in a business.

The Government wants any changes to be tax aloof – acceptation they won’t access all-embracing revenue, absorption instead on convalescent assets equality.

“You’ve got, effectively, under-taxation of those at the top end of the assets and abundance scale, because there’s under-taxation there. We accept a tax arrangement which is, by all-embracing developed country standards, a low akin of redistribution via the tax system.”

Taxes applying to basic accretion could booty two forms. The aboriginal would administer

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