Tax Cuts Bring New Wave of Optimism

January 8, 2009 New Zealand FinanceNew Zealand Taxation  No comments

Riding atop of news of upcoming tax cuts and falling prices, the results of a new poll suggest that New Zealanders are experiencing a new surge of financial confidence for the 2009 year.

The referred to poll was conducted by Research New Zealand between the 26 of November to the 3rd of December. Over 500 people of 15 years of age or higher were interviewed via telephone, the survey is reported to have a 4.6% margin of error. Further adjustment was performed on the raw results to weigh them in proportion to a realistic distribution of New Zealand, aimed at realistically simulating New Zealand.

According to the survey almost 50% of New Zealanders expect their financial situation to be “A lot better” or “Somewhat better”. At the same time only 23% expected any negative change in their situation, with the remaining 25% expecting no change.

According to Research New Zealand statements these results are caused by falling interest rates, tax cuts and falling petrol prices.

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