Very weak business confidence and consumer confidence are other reasons to cut sooner than later.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
yes and in cgt if it happens and it will be gloomier
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
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Are you just floating the "soon to be 17.5% GST" Beagle or is there some evidence/indication of this?
Just floating it. As long as its done contemporaneously with a meaningful cut to income tax rates.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Just floating it. As long as its done contemporaneously with a meaningful cut to income tax rates.
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.
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Originally Posted by bull....
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