NZ against Tax Cut Borrowing

Categories: New Zealand Finance, New Zealand Taxation

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 [...]

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 ... Read More