Freedom New Zealand

Before entering the NZ Herald story below, this story is in a nutshell, 'Giving power to control a tax on a resource to a foreign owned private entity/corporation' which is the Reserve Bank of New Zealand, mistakenly not called for fact the Reserve Bank for New Zealand/er's.
Note, the resource/s not controlled by the people, now the tax implied an additional tax on top of a failing economy.'

The line from the Herald saying 'A significant increase in the excise tax on petrol would compel people to reduce spending on other goods and services, while any significant decreases would enable people to increase spending' - equals that people would have less money by a enforced tax that can not be avoided which in turn coming from the Enforcement Agency R.B.N.Z would contract such a department like I.R.D to do it's dirty work, much like income tax, in which people are already complaining about and working there butt off just to be broke.

Additionally the line from the N.Z Herald, 'He said about 10 years ago, when he was Reserve Bank Governor, a visiting American academic, Professor Larry Ball, suggested giving the governor the authority to vary the rate of GST' - this would then control the dirty trick like above but with private business in New Zealand. In effect making a heavy enforcement of various taxes like the American Enslaved Police State Empire. Eventually a federal or reserve bank tax could also be created with all this nonsense.

True of the last line in the story but not in full disclosure, 'A financial commentator said Dr Brash's suggestion would run into constitutional problems because it would hand over fiscal responsibility for setting taxes to someone other than the Government'.

The reserve bank of New Zealand is not a government agency, it is a foreign corporation controlled by international elite bankers and what has be known as the illuminati style elitists of the New World Order.

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Now the Herald's story . . .

Giving the Reserve Bank the power to vary petrol prices could take the heat out of the economy without raising interest rates, says former Reserve Bank Governor Don Brash.

Dr Brash, writing for tomorrow's Herald, says varying the price of petrol would do away with the negative effects that higher interest rates have on exporters.

A significant increase in the excise tax on petrol would compel people to reduce spending on other goods and services, while any significant decreases would enable people to increase spending.

Dr Brash's idea comes during an inquiry by Parliament's finance and expenditure committee into the causes of inflationary pressures and the effectiveness of current monetary policy in controlling inflation.

He said about 10 years ago, when he was Reserve Bank Governor, a visiting American academic, Professor Larry Ball, suggested giving the governor the authority to vary the rate of GST.

He did not favour the idea because GST was levied on virtually everything at the same rate, and the rate changed infrequently.

Now, he said, the time had come to give "very serious consideration" to a variation of Professor Ball's idea by varying the excise tax on petrol.

"The systems are in place which would enable the excise tax on petrol to be varied without too much drama [and] the public are accustomed to the price of petrol fluctuating from week to week."

Dr Brash said giving the Reserve Bank Governor the authority to vary the excise tax would require safeguards, such as ensuring the additional revenue from higher prices was broadly offset by reduced revenue over a period of, say, five years.

The revenue would also have to be held by the Reserve Bank, separate from the Government.

A financial commentator said Dr Brash's suggestion would run into constitutional problems because it would hand over fiscal responsibility for setting taxes to someone other than the Government.

Source - NZ Herald.