OPINION: Hiking top tax rates reflects old thinking by Labour
A ‘tax the rich' approach does not necessarily lead to an overall increase in revenue
Patrick Flannery Wed, 11 Jul 2018
GUEST OPINION
Labour’s confirmation it would increase the top marginal tax rate to 36% for income over $150,000 suggests its thinking is stuck somewhere back in the 1960s. Back then disparities in tax rates were seen as an inevitable or even desirable feature of the tax framework.