3 July 2017 | New Zealand Taxpayers’ Union / New Zealand
Socialism for the Rich, New Zealand Taxpayers’ Union latest report by Jim Rose, tracks the growing costs of Government handouts to private businesses – which are now $1.66 billion per year ($931 per household).
The report’s author, Jim Rose, says, “The role of government is to provide essential public goods and social welfare that the market cannot. This Government has significantly overreached this role and actively engaged in picking winners and propping up failing businesses.”
Removing corporate welfare would allow for a six percentage point reduction in the company tax rate that would benefit all businesses equally. That way, all Kiwi businesses, and not just the favoured few, would get a boost and be more competitive internationally.