New Zealand Business Council for Sustainable Development tagged posts
The New Zealand Business Council for Sustainable Development (NZBCSD) is encouraging New Zealander’s to focus on the long-term positive effects of tax changes and not the “day-one impacts” of any Government reform propositions.
In a press release issued on February 12th the NZBCSD has stated that they are in full support of equating top personal, corporate and trust tax rates, along with lowering across the board personal rates and broadening the tax base, while raising taxes on consumption, as proposed by Prime Minister John Key in his first statement to Parliament on February 9th. The NZBXSD claims that this would lead to a fairer and more sustainable tax system, eventually expanding the economy and drawing in greater numbers of international investors.
The NZBCSD proposed a simil...Read More
Planned income-tax cuts are looking progressively more unlikely, and New Zealanders seem relieved.
As the Government is facing an ever growing disparity between December predicted Treasury surpluses and the grim reality of the actual situation, New Zealand Prime Minister John Key has begun signalling that planned future income-tax cuts might not go ahead. While this is pending on future tax income and government budgets, if the decreasing tax income and growing debt are any indicator, the scrapping seems more than likely.
According to a survey released by the New Zealand Business Council for Sustainable Development, New Zealanders are not too phased by this...Read More