How do we fix New Zealand's tax inequity?

An IRD investigation into the wealth of New Zealand's richest 311 families found they paid an effective tax rate of just 9.5%, less than a third the 30% effective rate being paid by single PAYE-taxpaying renter on $80,000 a year. This week Bernard Hickey talks to the report’s commissioner, revenue minister David Parker, to break down what the report says and discuss the fairness New Zealand's current tax system. Learn more about your ad choices. Visit megaphone.fm/adchoices