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10th
FEB

Poor to bear brunt of tax change

Posted by karere under Maori News

Waipareira Trust head John Tamihere fears poorer communities could bear the costs of the government’s tax changes. Prime Minister John Key yesterday signaled what Mr Tamihere say could be the biggest shake up of the economy since Rogernomics in the 1980s. Mr Tamihere says the devil will be in the detail. “I can trade off 15 percent in GST subject to the first $15000 being tax free, something along those lines. If there are trade-offs, you can live with it. If there’s not, you have to stand up on behalf of the poor community and say this is unpalatable,” Mr Tamihere says. New Zealand’s Goods and services tax is held in high regard around the word for its simplicity and effectiveness.

[Waatea News]
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