Early Edition with Kate Hawkesby

How many times in recent decades have you heard the call for a better and fairer tax system?   How many times have we heard governments saying that the tax system needs to be looked at?   Well, I've got some good news for those at the upper end of income earning who may have been wondering when the tax axe was about to fall, forcing them to haemorrhage more.  It turns out, our tax system is pretty fair and equitable after all.   A new study completed for tax consultancy firm  OliverShaw concludes that the wealthy in New Zealand pay most of the tax collected.  OliverShaw is headed by the former deputy commissioner at IRD, Robin Oliver.  Oliver says that the higher their income, the more they pay. Those earning lower incomes end up paying less tax because of the various tax credits, and other payments they’re eligible to receive.   One of the key highlights of this study, is that the highest income earners are often in a better position to minimise their tax through investment in tax friendly assets.   When Chr