Soak the tourists? - The Dismal Science
Eric Crampton • Mar 11, 2015 •
Gareth Morgan argues that New Zealand needs to do a better job in extracting all the surplus from tourists.He first argues that foreigners buying property here would pay a fairer tax share under comprehensive capital income taxation on the value of their purchased property.A lot here would hinge on relative elasticities.Suppose that foreign demand for NZ property is completely … Read More