3News » Home
3 News Video On Demand
Rate:
0 ratings
Views: 2116

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 »

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?

Post a comment

Name:
Email: (Won't be published)
Comment:
Change Category 
Change Category 

Political Video

3News - Jim Bolger is chairman of KiwiRail (NZPA)

Jim Bolger faces axe as KiwiRail chairman video 

Former Prime Minister Jim Bolger looks set to be dumped as chairman of...
3News - Deborah Hill Cone and Steven Joyce

The Nation panel discussion - March 20 2010 video 

The Nation's panel guests Vernon Small and Deborah Hill Cone took join...
3News - John Key's trusted right-hand man Transport Minister Steven Joyce

Duncan Garner interviews Steven Joyce video 

Duncan Garner talks to Transport Minister Steven Joyce about the Natio...
3News - The Green Party says Fonterra's plan to crack down on polluting farmers is destined to fail

Greens say Fonterra crack down destined to fail video 

The Greens believe Fonterra's scheme to crack down on farming pollutio...
3News - DoC support the ban saying it is in place to protect kokupu - a type of weed - not ducks

Iwi ban on duck shooters takes new twist  video 

The Maori ban on duck shooting at two Wellington lakes took a new twis...
3News - Sources have told 3 News that the Aviation Minister will make changes to the way CAA manages alcohol issues

CAA to tighten alcohol, drug checks, sources say  video 

A report into just how the Civil Aviation Authority deals with drug an...
3News - Tony Ryall

Govt orders witch-hunt over leaked papers  video 

The Government's decision to look at mining parts of the conservation ...
3News - State Services Commissioner Tony Ryall (file)

Public Services will deteriorate, Labour warns video 

The public will inevitably notice deteriorating public services becaus...
3News - Te Kani Williams, Treaty lawyer, says the claim was filed by Bishop Brian Tamaki and the Te Oranga Ake Trust

Destiny International makes treaty claim  video 

Now to the Treaty of Waitangi claim being taken by the trustees of Des...
3News - Wellington's Pencarrow Lakes are among those banned by the local iwi

Local iwi ban public access to Wellington Lakes  video 

The Govt is wading into a controversy where a group of Maori have bann...