Ardern: ‘As long as you leave them a profit margin’

Last night’s debate looked at Labour’s proposed tax on water ‘for those who make a profit from water’ – water bottlers and farmers and viticulturists and horticulturists.

Bill English asked  “How do you maintain profitability while increasing costs?”

Jacinda Ardern: “It’s ok as long as you leave them a profit margin”.

The implication there is that imposing more taxes is ok as long as businesses can still make a bit of a profit.

This suggests a not very good understanding of business, something Ardern could be vulnerable on – especially as Grant Robertson has avoided answering whether Labour would apply Capital Gains Tax to businesses and farms.