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Speaker 1: Heather do Away, the huddles with us. Shortly we've got

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Speaker 1: Trishurs and Joseph Begani standing by. Now, a second big

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Speaker 1: bank boss is calling for more tax asb's chief executive,

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Speaker 1: Attoria Shorter set in an interview that we need to

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Speaker 1: lean into taxes so we can pay for infrastructure. And

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Speaker 1: this of course comes hot on the heels of the

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Speaker 1: A and Z boss Antonio Watson calling for a capital

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Speaker 1: gains tax just a few weeks ago. Robin Oliver is

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Speaker 1: a tax partner at Oliver Shawan with us. Hey, Robin, hi,

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Speaker 1: are you keen to pay for more tax? You think

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Speaker 1: it's a great idea?

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Speaker 2: No, you cannot tack yourself to prosperity. Our issue is

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Speaker 2: a country is sabilized by the fact we struggle to

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Speaker 2: pay the same wages as a strudy. We're falling behind.

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Speaker 2: That means we, for example, we can't pay our doctors, nurses, teachers,

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Speaker 2: police it up. We need to grow wages, grow the

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Speaker 2: economy that takes higher productivity takes more investment and morenovation,

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Speaker 2: and tax is the enemy of those it decreases. It's

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Speaker 2: a disincentive to save invested. So the last thing we

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Speaker 2: want to do is lead into taxes.

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Speaker 1: So speaking of which, then, are you liking what David

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Speaker 1: Seymour said over the weekend and perhaps even what Winston

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Speaker 1: Peters said about attracting the foreign investment.

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Speaker 2: Absolutely, we've got to attract foreign investment. We've got to

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Speaker 2: encourage people to say for domestic investment, and we've got

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Speaker 2: to make New Zealand a great place for investment and

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Speaker 2: for innovative people to live it, and high taxes don't

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Speaker 2: do it.

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Speaker 1: Do you have any What puzzles me, Robin, is why

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Speaker 1: both of these ladies are suddenly so keen on taxes.

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Speaker 2: Yeah.

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Speaker 1: Is it because they really believe it? Or is there

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Speaker 1: some sort of branding thing going on here where they

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Speaker 1: think that they can get some positive, positive publicity for it.

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Speaker 2: I assume that they look at you know, they ad

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Speaker 2: infrastructure deficit and say, well, how do we fix it?

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Speaker 2: And they don't understand the cost of taxes. It's not

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Speaker 2: like you raise a dollar of tax for me and

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Speaker 2: then there's a dollar that goes to the government which

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Speaker 2: can then spend it, assuming that government spends it wisely.

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Speaker 2: The estimates of New Zillan Treasury are that twenty percent

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Speaker 2: of the money raised in tax is wasted by those

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Speaker 2: disincentives reducing the economy, so that means you just end

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Speaker 2: up with eighty cents and then the government doesn't spend

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Speaker 2: it well, you end up with less. This is the

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Speaker 2: load to poverty. This is the road we can't afford surgeons, doctors, nurses, teachers, police.

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Speaker 1: Yeah, Robin, some very good points mate there. Thank you

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Speaker 1: so much for the expertise. It's Robin Oliver Oliver Share

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Speaker 1: Tax Partner. For more from Hither Duplessy Allen Drive, listen

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Speaker 1: live to news talks they'd be from four pm weekdays,

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Speaker 1: or follow the podcast on iHeartRadio.