Tuesday, June 7, 2011

And this is one of the reasons why.


Thanks to Robert Winter for this comparison.

16 Million lost to benefit fraud.  Noted that most benefit fraud was due to staff in WINZ, not beneficiaries.

"  Here, we are told that (mainly legal) tax avoidance in 2010/11 will cost us $5.4 BILLION. Who knows what evasion costing us?"

Note, that the Aussie banks have been caught out with 3 billion in tax evasion. 300 million by the bank which holds the NZ Government banking contract.

Also that when Labour raised the top tax rate many more wealthy people magically had less taxable income.

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