Today's data may add to the view that the central bank could cut the OCR as early as May
https://www.nzherald.co.nz/business/...ectid=12223137
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Today's data may add to the view that the central bank could cut the OCR as early as May
https://www.nzherald.co.nz/business/...ectid=12223137
Sure will and the ever increasing tax take, (tax by fiscal creep) just keeps on keeping on. Ludicrous that people earning over such a modest figure as $48,000 per annum are paying at least 30% tax on every extra dollar over $48,000 plus 15% GST, (soon to be 17.5% ?) CGT, very high taxes on liquor, tobacco, local government rates with GST on top and on and on and on it goes. Rant over lol
Are you just floating the "soon to be 17.5% GST" Beagle or is there some evidence/indication of this?
markets pricing in 80% chance rate cuts in may now
get your income why you can
I'd be surprised if the left increased GST as it is normally reported as hitting the poorest hardest and that's their voting base. They were in uproar when John Key moved from 12.5% to 15% as it was deemed to have the greatest effect on those whom spend most of their income, i.e. those on lower salaries. I wouldn't be surprised to see higher tax rates in some form but unlikely IMHO to be GST.
It also places a disproportionate burden on Winston's demographic, even with commensurate income tax reductions. That said, we have one of the most broad-base GST systems around and should use it, with carefully targeted income tax reductions.
no comments today...breaks the ramp??