The hoon for the week that was to April 29
TLDR: This week’s news in geopolitics and Aotearoa’s political economy I covered via The Kākā for paying subscribers included:
* An Inland Revenue Department study of Aotearoa’s 311 wealthiest families with combined wealth of $85 billion and annual income in 2020/21 of $14.6 billion has found just seven percent of their income was taxed as personal taxable income that year because of the lack of a capital gains tax; Special report on Wednesday and Wednesday’s Dawn Chorus
* That meant their effective tax rate was 9.5% across all their income, even after calculating their payments of GST, which…
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