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First signs of tax shake-up revealed in budget - Video

Thu, 21 Jan 2010 12:14
The first signs of a shake-up to the tax system are likely to be revealed in May's budget. - read full story »
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Comments [4]

roxanne
23 Jan 2010 10:45a.m.

Well I hate GST but the one thing it does have going for it is that the rich cannot avoid it, they consume nice new kitchens, cars, furniture etc and they pay the tax. Mind you they can book it up to their company but that loophole needs closing too. So does the family trusts set up to avoid taxes and let's face it most of our MPs will have such trusts. That nice Mr English was not living in his house but one owned by his trust and was therefore entitled to taxpayer assistance. They are in the trough and somehow we need to get them to pass fair laws that will actually have a detrimental financial effect on themselves! I do agree that something needs to be done as NZ cannot afford the present system.

Dan
22 Jan 2010 10:32a.m.

LOL! Nice one "Smart As". There are several solutions to this conundrum but the fact is are the politicians really wanting to make changes for the positive for the common man? Here we see the highest income earners tax bracket to be lowered, which is themselves and their mates in big businesses but where does that leave us all?

Smart As
21 Jan 2010 5:11p.m.

Nice Dan, so obviously one and one make two and the govt only want to confuse poeple by shifting taxes around like the sickness/Invalids benefits. Why won't they simple drop GST off basic foods and at same time that would save on health. GST on unneeded goods could be increased to 20%. Then there'd be no need for tax breaks and any surpluses could be used on NZ dept. Dr Spock told me this on round about but we never got a ticket because we were flying?

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