Category Archives: Regulation & Taxation

New Zealand Should Tax Financial Transactions

Listener: 17 Match, 2012. Keywords: Macroeconomics & Money; Regulation & Taxation; Eminent economist James Tobin in 1972 suggested a financial transaction tax on spot-market currency conversions. Many others have supported him. That includes people who don’t like money and think of a financial transaction tax as a sin tax. (Tobin certainly did not. He was…
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A Canterbury Earthquake Levy Would Be Prudent

Listener: 3 March 2012. Keywords: Macroeconomics & Money; Regulation & Taxation; Forecasts for the New Zealand economy have been wound back since last year. Given the deteriorating state of the world economy, they will probably be wound back even further. And that’s going to make it even harder for the Government to meet its election…
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Dealing with No Ordinary Commodity: Alcohol

Global Alcohol Policy Conference: Thailand, 14-16 February as Honorary Research Fellow at SHORE, Massey University. Keywords: Health; Regulation & Taxation; Social Policy; The theme of this presentation is that alcohol is no ordinary commodity; economic policy has to think about it differently. The alcoholic beverages industry, of course, produces jobs and profits for investors, just like any…
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Regulation and Leaky Buildings

Chapter 3: “The Leaky buildings Crisis: Understanding the Issues Keywords: Regulation & Taxation; Introduction[1] The first commercial transaction in New Zealand involved Maori exchanging with the Endeavour’s seamen fish for tapa cloth. (Not nails; despite their iconic appearance in a host of images; the ship’s officers offered them, but the neolithic Maori did not yet…
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The Too Hard Basket

THE TOO HARD BASKET Listener: 19 January, 2012. Keywords: Environment & Resources; Distributional Economics;  Macroeconomics & Money; Political Economy & History;  Regulation & Taxation;  Social Policy; Every government has issues it hopes will go away. They don’t. Here are some for our one. Our Emissions Trading Scheme is looking like a dog’s breakfast, and/or something…
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Loose Regulations Sink Economies – and Buildings

Listener: 14 October, 2011. Keywords: Macroeconomics & Money; Regulation & Taxation; I have been preoccupied by leaky building syndrome, which may have damaged up to 110,000 dwellings as well as costing considerable domestic stress and even lives. Commercial and public buildings have suffered, too. There were many causes of the disaster but it illustrates the…
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Reaping the Past

This article by John McCrone, features writer of “The Christchurch Press”, was published on 20 August in the Mainlander Section of “The Press”. It was also published by “The Dominion Post” on the same day under the title ‘Legacy of Rogernomics: Less Red Tape But More Heartache and Financial Disasters’. It is republished here because…
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Christchurch Earthquake Tax

Listener: 9 May, 2011 Keywords: Macroeconomics & Money; Regulation & Taxation; John Key has shown considerable ability responding to the moods of the New Zealand public. That’s why I’m astonished by his rejection of an earthquake levy, involving a relatively small tax on income over 10 or more years to pay off the costs incurred…
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The Benefits and Costs Of Gambling: Some Policy Implications

Commissioned Report: April 2010 Keywords: Health; Regulation & Taxation; Social Policy; Executive Summary The following is not the usual executive summary. Rather it draws out the policy implications of the known costs and benefits of gambling, thereby summarising the main report, which consists of two parts. Appendix I is a general account about how economists…
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Tax and Equity

PSA Journal, March 2010. Keywords: Distributional Economics; Regulation & Taxation; In my Commercialisation of New Zealand there is a chapter on ‘the abandoning of equity’, of how under Rogernomics social fairness went steadily down in the policy priorities. The report on tax reform by the Victoria University of Wellington Tax Working Group (TWG) confirms the…
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The Complete Package

Sue Bradford’s departure leaves a huge gap in the Greens, and Parliament. Listener: 12 December, 2009. Keywords: Regulation & Taxation; Social Policy; To work properly, the market must be “complete” – that is, all possible transactions must be able to be carried out. For example, those who invested in finance firms such as Bridgecorp should…
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Targeting the Minimum Price Of Alcohol

This paper was prepared in October 2009 for the Law Commission when it was reviewing alcohol policy. It is released under the Official Information Act. Keywords: Health;  Regulation & Taxation Terms of Reference The Law Commission has asked for a report describing how a minimum price regime for alcoholic beverages might be implemented, and what…
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Equity and the Tax System

Tax, Saving Welfare and Retirement: Have We Lost our Way? Symposium, Retirement Policy and Research Centre, University of Auckland, 16 July, 2009   Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Maynard Keynes   Keywords: Distributional Economics; History of Ideas, Methodology &…
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Understanding the Fiscal Imperatives

Paper for Towards a Value Driven Public Sector Summit, 15 July, 2009.   Keywords: Macroeconomics & Money; Regulation & Taxation; Social Policy;   Before talking about the fiscal imperatives in the narrow sense, I want to make a couple of general remarks about the rhetoric of policy. .   The first is that the need…
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