National to propose new 'revenue measures' to pay for income tax cuts
National to propose new 'revenue measures' to pay for income tax cuts
National's finance spokesperson Nicola Willis says their tax plan will include new "targeted revenue measures" to help pay for its income tax cuts.
Any thoughts on what those measures may be?
God I hope they tax churches.
You're viewing a single thread.
Who wants to bet this was one of them?
I'd have a good laugh if Labour did this to get their one out first.
I bet you're right. This is an obvious one where people will wonder why they aren't paying tax now. I bet you've hit the nail on the head.
And if Labour was holding this one in reserve, it's pretty smart to release it now. National will have to make sure theirs is a little different from Labour's now.
Might be 4D chess. Maybe National were wondering what Labour were planning so decided to annouce that they would soon announce a tax policy so that Labour would show their hand.
Although, it does beg the question of why they haven't done this already, if it's as simple as National claim.
Kinda the problem when you're campaigning for your third term in office, it begs the question of why now.
The problem itself is not simple, and internationally governments have been wrestling with how to solve the issue. Even this article states they can't implement anything until 1 Jan 2025 because of an international negotiation agreement, but have said the legislation is ready to go if that fails.
Their proposal is relatively straightforward, but I would bet it won't stick around long term in that form. Some company or other will tell the govt they will bring something to NZ if they get an exemption and the govt (whichever is in power) will agree and then suddenly there will be exemptions all over the place.