Opinion: Damien Grant isn’t normally the one making the case that the government needs to take more in tax. The liquidator and libertarian-minded columnist at the Sunday Star Times more typically wants what libertarians generally want – a government that spends less and that can let each of us keep more of our own money.
On November 23, Grant’s column made a different case.
Companies collect GST on their sales and remit the money to the government. They also pay income taxes on behalf of their employees – PAYE.
A company that starts failing may remain optimistic about turning things around and may decide to short Inland Revenue rather than employees or suppliers. Raiding collected taxes such as GST and PAYE rather…