The IRD has released a massive investigation into the share of tax that New Zealand’s wealthiest families pay.
The report suggests that the median effective tax rate for this group currently sits at 8.9% of their overall income.
This is less than half the percentage paid by the average New Zealander.
So why is there such large divide? What can be done to address this imbalance? And is it even possible to find the political will for a tax overhaul?
Today, economist and researcher at the Victoria University of Wellington, Max Rashbrooke explains to Damien what this report has revealed.
Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.
You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
Host: Damien Venuto
Producer: Shaun D Wilson
Executive Producer: Ethan Sills
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Bobby Bones Show
Listen to 'The Bobby Bones Show' by downloading the daily full replay.