An IRD investigation into the wealth of New Zealand's richest 311 families found they paid an effective tax rate of just 9.5%, less than a third the 30% effective rate being paid by single PAYE-taxpaying renter on $80,000 a year. This week Bernard Hickey talks to the report’s commissioner, revenue minister David Parker, to break down what the report says and discuss the fairness New Zealand's current tax system.
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How do we fix New Zealand's tax inequity?

Hosted by journalist Bernard Hickey, When the Facts Change is your essential weekly guide to the intersection of economics, business and politics in Aotearoa New Zealand. Presented by The Spinoff together with Kiwibank.

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The Redclyffe substation near Napier flooded during Cyclone Gabrielle and turning it off turned off the power for much of Hawkes Bay and Tairāwhiti. Transpower has fixed it for now, but has faced a big decision: should it rebuild it where it is now, next to a stream? Or start again on higher ground? The choice tells us a lot about how to think about our climate future. Bernard Hickey talks about that decision with Transpower’s executive general manager grid delivery, Mark Ryall.
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Floods knocked out Redclyffe, so why rebuild on the same flood-prone site?

The Government has repealed various smokefree measures to ensure it keeps collecting $1.2 billion a year in tobacco taxes, in order to pay for tax cuts already being delivered to landlords. But an economic analysis done by Otago University's public health department has found keeping the smokefree measures would have been of benefit not only for public health, but also for the economy. The university's Professor Nick Wilson joins Bernard to discuss the fascinating figures resulting from that research.
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How many lives is that tax cut worth?

The Spinoff has just launched a brand new series called Behind the Story, where site editor Madeleine Chapman sits down with a staff writer or contributor to gain more insight about a big story on The Spinoff from the week. We thought you might like to check out the first episode, and if you enjoy it please follow it wherever you get your podcasts!

On Friday, Bulletin editor Anna Rawhiti-Connell sent her final newsletter, and took the opportunity to share what she’s learned about the news over two years of curating it for thousands of New Zealanders. Earlier in the week, she’d seen reports of Auckland dog owners discarding their pets’ turds on the ground after Auckland Council removed bins across the city.

And so, the column “If you love a dog, you must also love disposing of its shit” was born. Anna joins Madeleine Chapman to talk about the power journalists have when framing a story and how to find the middle ground between boring and sensational.

For The Spinoff editor’s thoughts on the week that was, as well as a handpicked collection of the week’s best reads, subscribe to The Weekend with Madeleine Chapman newsletter at thespinoff.co.nz/newsletters 
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Introducing Behind the Story: If you love a dog, you must also love disposing of its sh*t

Bernard Hickey talks with property academic Deborah Levy about her research into the changes in the way bach owners feel about their holiday homes. Where once the bach was the centrepiece of 'the kiwi dream’, a place for friends and families to gather, relax and create memories, they have now become a financialised asset to be added to the portfolio of the increasingly wealthy few. What's behind this change? What insights can this research give into the rest of our dysfunctional national property market? Listen in to find out.
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The unreachable dream of the kiwi bach

The Reserve Bank wants to know how the public feels about a potential new type of digital cash. This digital currency would be exchangeable one-for-one with ‘old’ forms of bank-issued electronic money and ye olde paper cash and metal coins, but would not outright replace the physical stuff. RBNZ’s Head of Money and Cash Ian Woolford joins Bernard to discuss what’s different with this new digital cash, what problems it could solve and how it might open up a whole new front in bank competition.
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How do we fix New Zealand's tax inequity?

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