Two epic tax fails

Revenue Minister David Parker steered the government into a political minefield this week with his extension of GST to all KiwiSaver fees that was gone by lunchtime within a day. Bernard Hickey talks with tax expert and historian Terry Baucher about why this epic fail pales in comparison to another from 33 years ago when Labour’s David Caygill failed to introduce a Capital Gains Tax to match our ‘perfect’ GST and income tax systems. Learn more about your ad choices. Visit megaphone.fm/adchoices