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Public Submissions: Short Emails Tax Working Group Public Submissions Information Release Release Document August 2018 taxworkingroup.govt.nz/key-documents Key to sections of the Official Information Act 1982 under which information has been withheld. Certain information in this document has been withheld under one or more of the following sections of the Official Information Act, as applicable: [1] 9(2)(a) - to protect the privacy of natural persons, including deceased people; [2] 9(2)(k) - to prevent the disclosure of official information for improper gain or improper advantage; Where information has been withheld, a numbered reference to the applicable section of the Official Information Act has been made, as listed above. For example, a [1] appearing where information has been withheld in a release document refers to section 9(2)(a). In preparing this Information Release, the Treasury has considered the public interest considerations in section 9(1) of the Official Information Act. Submissions Included Michael Kemsley Gail Duncan Hone Thorpe Nickola Murray Chris Lee Andrew Rutherford Grace Jay John Scott Michael Cuncannon Matt Walkington Matt Vincent Richard Shaw Timothy C Bartram Simon and Janet Pay John Rowland Marilyn Smith John Wells Christine Larking Warren Snow Simon Schollum Daniel Benson David and Pamela Blowers Jay Thompson William Byfleet Joseph McDonald Alex Campbell Angela McPherson Michael C Gibson Nicola Russell Brit Bunkley Simon Mark Vincent Christine Avery Ian Wilson Nick Martelli Lynne Dempsey Marianne Boekhoff Craig Walker Susan Hutchinson Peter Plunket Lloyd Anderson Steve Laurence Richard Summers Sharyn Barclay R R Dawson Derek Wiseman Valerie Morse John Ryan Chris Ward Avril Bell Barry Newton Cath Wallace Amelia Smith Molly Harrison Sam Esler Alan Dallas Dean Dodds Matiu Andrews-Cookson Wayne Baker Anna Macrae Goodwin Mate Marinovich Rupert Rokeby-Johnson Fraser Johns Diana Youssif Drew Tierney Paul Hickson Christopher Worth Alan Forster Paul Hill Brian Porteous Hayley Mitcheson Angela Kneeshaw Jack Realson Wally Richards Michael Barnett John Clark Piki Knap Jennifer Cruden Margaret Green Keaton Lane John Beker Kenneth MacKenzie Kathleen Gallagher Valentino Luna Hernandez John Howe Norman Frodsham M Gary Nicholls Malcolm Anderson From: Michael Kemsley [1] Sent: Monday, 30 April 2018 12:25 PM To: TWG Submissions Subject: Submission Hi There, Lot of people have 1 maybe 2 rental properties as investments to complement their existing income and retirement investments. Currently borrowed money for other forms of investments and business is tax deductible. This is where the majority of rental property losses occur. Borrowing costs are a legitimate business expense, and a lot of businesses require the owners to top up toe accounts from time to time. It could be more reasonable to tax gains i.e capital gains, on a regular basis, rather than just when they are sold. This value be linked to the value of capital value and also the amount borrowed against it to stop the transfer of personal mortgages to the rental investments. It would be unfair for those, particularly those with one or two rentals, to have a different approach to business expenses. Regards Michael Kemsley Transportation Projects Engineer GHD [1] Please consider the environment before printing this email _____________________ CONFIDENTIALITY NOTICE: This email, including any attachments, is confidential and may be privileged. If you are not the intended recipient please notify the sender immediately, and please delete it; you should not copy it or use it for any purpose or disclose its contents to any other person. GHD and its affiliates reserve the right to monitor and modify all email communications through their networks. _____________________ 1 From: John Thorpe [1] Sent: Monday, 30 April 2018 12:18 PM To: TWG Submissions Subject: Tax and Te Ao Māori submission from Hone Arohaina Riwaka Thorpe Tēnā koutou e ngā kaimahi o te roopu tāke Ngā mihi i runga i te kupu o te Matua Tuatahi. Ānei ōku nei whakaaro e pā ana ki ngā whakahoutanga tāke e pā ana ki te ao Māori: Ko ngā mea rangatira i taua ao, ko te whakapapa, ko te waka, ko te maunga, ko te awa, ko te moana, ko te iwi, ko te hapū, ko Papatuānku, ko te marae, ko ngā mātua hoki. Ko te taha wairua, ko te taha oranga nga mea ake hoki. E noho ana te ao Māori ki te taha o te ao Pākehā. Ka whai ngā tikanga e rua i te nuinga o ngā Māori. E ai ki ētahi, he uaua tēnei whai. Nā te mea, e noho pōhara te nuinga o ngā Māori. Ka mau te here pōharatanga i aua Māori. He uaua te whakakoretia i aua here. Me pehea te rongoā mō tēnā? Tēnā pea whakahaeretia ngā tohu whakapoapoatanga ki aua ao e rua. Ko nga tāke he whakapoapoatanga. Engari i ētahi wā ko ngā tāke he whakapoapoatanga kore. Whakarangahau ngā huarahi tika hei hanga ngā whakapoapoa pai hei whakahaere ngā Māori ki te ara whai rawa. Me pehea? Ko tētahi whakautu: Āta titiro ki ngā māketi hoko ki tāwāhi. Hoatu ki nga kaipakihi nga whakapoapoa mehemea ka tāpiritia e tētahi, e ētahi ranei ētahi ahuatanga Māori ki a rātou whakaputanga, hua rānei. He tino whakapoapoa tēnei. Ko tētahi whakautu: Hanga nga tāke māmā ki ngā kaipakihi e mahia ana ngā tikanga Māori i roto i ā rātou whare kaipakihi. Ko tētahi atu whakautu: Hoatu ki ngā tauira Māori ngā karahipi tāke hei āwhinatia rātou hei akona ngā matauranga o te ao whānui mō tētahi pōtaetanga. Mehemea, ka mau aua tauira i ngā tūranga mahi e pā ana ki te ao Māori, katahi, ka hoatu ngā tukunga tāke. Ko tētahi whakautu: whakakoretia te GST i runga i ngā mea kai, whakakoretia te GST i runga i ngā whakaputunga whare. Ko tētahi whakautu: mō ia tau e ako ana i tētahi whare waananga, kura tuawha rānei hoatu tētahi tukunga tāke. Ko tētahi whakautu: he uaua mō ngā whaea anake ki te whiwhi mahi, ki te kimi mahi hoki, nā te mea he nui te utu hei whakatiaki i ngā pepi. Ki ahau nei, hoatu tētahi tukunga tāke ki a rātou hei awhi hei manaaki i a rātou. Katahi, ka whiwhi mahi, ka whai moni haere, ka hāpai i te pōharatanga. Ka tū te mana o aua whaea. Koia nā, kati rā, ka mutu aku nei kupu. Ko te tumanako, e pai ana te huarahi mō koutou e pā ana ki te whakahoutanga tāke. Nā reira i runga i aua whakaaro Naku noa, nā Hone Arohaina Riwaka Thorpe This email may contain privileged or confidential information. If you are not the intended recipient please delete the message, and any attachments, and notify the sender. Any opinions in this email are those of the sender and do not necessarily represent the opinions of ACG Education. 2 From: Chris Lee [1] Sent: Monday, 30 April 2018 11:58 AM To: TWG Submissions Subject: Submission to the Tax Working Group Submission by: Chris Lee [1] Vision: The Tax Working Group needs to identify a New Zealand tax system which: 1. Supports New Zealand's democratic society of individuals 2. Supports and enhances the development of an egalitarian society 3. Is fair 4. Is simple to understand and implement 5. Is low cost (has low deadweight) Achieving the Vision: The Tax Working Group needs to spell out the changes required to transition, over a relatively short time frame of, say, 5 years, from our existing tax system to one which achieves the above vision. Wealth Inequality: Since the end of World War II wealth inequality has been increasing at an accelerating pace in New Zealand and the existing tax system and the changes to it have struggled with population growth, technology changes, and citizens’ desires for a “better life”. The results have been underfunded health and education systems and increasing disparity in social mobility and socio-economic status. Tax system changes in the 1980s and the privatisation of many industries heavily reliant on natural resources (fisheries, forestry, ports, airports, railways, power generation, etc) have quickly divided New Zealand society into “haves" and "have nots”. In particular, the current tax system strongly encourages private acquisition of natural resources and the subsequent accumulation of unearned wealth by the retention of the economic rent for those resources. In it’s simplest form the evidence for this is in the many many examples of huge wealth gains by private individuals who invested in land on the outskirts of cities and simply waited for the city to grow past them, cashing in on the infrastructure and other investments made by society as a whole. In their seminal work and subsequent book entitled The Spirit Level, Wilkinson and Pickett demonstrated that wealth inequality correlates closely with a variety of societal ills. This is why the tax system needs to achieve the vision. The Solution: In 1879 political economist and philosopher Henry George published his book Progress and Poverty which examined the conundrum of why poverty increased in a society in the face of increasing progress. He identified the problem as the retention of unearned wealth in the form of economic rent of land and proposed a simple solution - Land Value Tax (LVT). Further resources for researching Georgism can be found here http://www.henrygeorge.org/bob/ 3 Modern Georgism refers to “land” which is the collection of all natural resources (land, water, air, electromagnetic spectrum, etc). See https://en.wikipedia.org/wiki/Georgism. It is a relatively simple matter to extend a Land Value Tax to “Land” Value Taxes. Incidentally, Henry George visited New Zealand and met with Governor Sir George Grey (see https://en.wikipedia.org/wiki/George_Grey). The Georgist influence in New Zealand remained for many years and is reflected, for example, in the works of Dr Rolland O’Regan and his father as reported in the obituary here https://hgarchives.files.wordpress.com/2017/03/keall-obituary-rolland-regan-1992.pdf by Robert Keall.
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