As NZ workers and households tighten their belts, why not a windfall tax on corporate mega-profits too?
- Written by Lisa Marriott, Professor of Taxation, Te Herenga Waka — Victoria University of Wellington
Getty ImagesRecord profits reported by banks, fuel retailers, energy companies and other businesses at a time many New Zealanders are struggling to make ends meet have seen people asking whether it’s time to introduce a “windfall tax” – to be triggered whenever an industry has made “too much profit”.
But what is...