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National to propose new 'revenue measures' to pay for income tax cuts (www.rnz.co.nz)

submitted 1 year ago by [email protected] to c/[email protected]

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Any thoughts on what those measures may be?

God I hope they tax churches.

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

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.

[–] [email protected] 2 points 1 year ago

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.