Podcasts Other The Mike Hosking Breakfast Robin Oliver: Tax expert says the current tax system, overall, isn't broken

Robin Oliver: Tax expert says the current tax system, overall, isn't broken

Published: April 26, 2023, 7:23 p.m.

A tax expert says the current tax system is working.

Inland Revenue's wealth report shows the top one percent of earners pay a median effective tax rate of 9.4 percent when including capital gains on investments.

Meanwhile, Treasury estimates a comparable tax rate for a "middle wealth" Kiwi is roughly 20 percent.

OliverShaw partner Robin Oliver told Mike Hosking the tax system, overall, isn't broken.

He says it's relatively simple and efficiently raises a lot of money the Government can then spend.

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