Yesterday the prime minister announced the prospect of significant personal tax cuts countered by a rise in GST to 15 per cent.
There would be compensation for that GST rise for those on lower incomes.
For property investors: no land or capital gains tax but there will be efforts to end tax breaks for the property investment sector – probably by disallowing depreciation.
Berl chief economist Dr Ganesh Nana talks about the potential changes with ASB Business.