The New Zealand Labour Party has announced that it will be launching a cross-country bus tour in protest to the National Party’s proposed Good and Service Tax rate increase. Phil Goff, Labour Party leader, announced on February 22nd that a two week protest bus-tour will be launched on February 28th to fight the possibility of a the GST rate being raised to 15 percent. He claimed that the tour’s aim was to visit New Zealand communities and "to show them just ... Read More

New Zealand’s era of tax cuts is over, according to Finance Minister Bill English. Bill English put a blunt message forward to New Zealand, the time of tax cuts has passed. On the 2nd of August at National Party conference in Christchurch, Bill English stated that “There is no possibility of just cutting taxes." Bill English said that the government is projecting deficits of up to NZ$12 million, which leaves no room for tax cuts. There has already been an effective cancellation of the ... Read More

New Zealand Prime Minister seems concerned by the level of government spending amidst a recession and raised expenditure on planned tax cuts. He claimed that the government should not raise salaries of its Ministers of Parliament and other governmental positions. The move to counter the effects of the tax cut inflicted deficit on the Government budget will be made in the form of a suggestion by the National Party to the Remuneration Authority. Ironically John Key’s wealth has been valued at over ... Read More