INDEPENDENT NEWS

Budget 2014 provides tax options for the future

Published: Thu 15 May 2014 02:15 PM
Budget 2014 provides tax options for the future
Budget surpluses and positive trends leave the Government and opposition parties with opposing tax options
“Ironically the fiscal conditions provide a greater opportunity for opposition politicians to leverage their platforms from than if economic conditions were more challenging,” says Deloitte CEO Thomas Pippos.
Time will tell which story is seen as the most compelling.
From a tax perspective Labour has already foreshadowed a capital gains tax, R tax credits and an increase in the highest marginal tax rate.
“The Government has kept its power dry – but expect something, probably targeted in keeping with the theme, when we get to the business end of the election later this year,” concludes Mr Pippos.
ends

Next in New Zealand politics

Concerns Conveyed To China Over Cyber Activity
By: New Zealand Government
GDP Decline Reinforces Government’s Fiscal Plan
By: New Zealand Government
New Zealand Provides Further Humanitarian Support To Gaza And The West Bank
By: New Zealand Government
High Court Judge Appointed
By: New Zealand Government
Parliamentary Network Breached By The PRC
By: New Zealand Government
Tax Cuts Now Even More Irresponsible
By: New Zealand Labour Party
View as: DESKTOP | MOBILE © Scoop Media