More information is to be released on how much the rich are paying in tax.

The Inland Revenue report will estimate the effective tax rate of the country's  wealthiest - taking into account their full economic income, rather than just taxable income. 

PwC Partner Geof Nightingale says the tax system is collecting adequate revenue and there's no revenue crisis, even with cyclone expenses.

He told Mike Hosking the report will spark a new tax.

Nightingale says a new tax would be very complicated and take a long time - so he thinks it's highly unlikely.

LISTEN ABOVE

More information is to be released on how much the rich are paying in tax.
The Inland Revenue report will estimate the effective tax rate of the country's  wealthiest - taking into account their full economic income, rather than just taxable income. 
PwC Partner Geof Nightingale says the tax system is collecting adequate revenue and there's no revenue crisis, even with cyclone expenses.
He told Mike Hosking the report will spark a new tax.
Nightingale says a new tax would be very complicated and take a long time - so he thinks it's highly unlikely.
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...