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  1. #11
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    Join Date
    Feb 2020
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    Nelson
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    Quote Originally Posted by SBQ View Post

    As for how will the NZ gov't shore up more funds? My guess would be a rise in GST from 15% to say 18% or even as high as 20%. CGT has been tried last year and because of the 3 way coalition party in gov't, there was no way CGT would pass. Jacinda Ardern even specifically said, "There will be no CGT for as long I am in gov't" Yet her election platform originally said she would bring in CGT.
    It needs to be fair for everyone not just some who pay 0% now.

    For a young person they will be paying GST, PAYE, student loan repayments and rents that are very high. They gave up their jobs so others could have a bit more time. It's time to have a relook at something which is fair for everyone across age and other groups.

    I'm thinking PAYE cuts bundled in with a CGT, a tax which every country already has in place so you can't go anywhere.
    Last edited by Panda-NZ-; 17-06-2020 at 01:09 PM.

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