Press Release – New Zealand Taxpayers’ Union Responding to the release of Treasurys Half Year Economic and Fiscal Update, New Zealand Taxpayers Union spokesman Louis Houlbrooke says: Over the next four years, Treasury is now forecasting $16.8 billion more in tax revenue than it …
Responding to the release of Treasury’s Half Year Economic and Fiscal Update,
New Zealand Taxpayers’ Union
spokesman Louis Houlbrooke says:
“Over the next four years, Treasury is now forecasting $16.8 billion more in tax revenue than it predicted in its pre-election forecast.”
“The question is what the Government will do with this revenue, especially as Treasury urges new stimulus measures.”
Written By: mickysavage - Date published: 7:55 am, December 17th, 2020 - 66 comments
These are in remarkably good shape. Who would have predicted that dealing properly with a global pandemic would have had better results for the economy than timidly dealing with it and trying to ensure that economic activity continued?
And that making baby boomers stay home and spend their wealth on new kitchens or meals out or local holidays would be much better for the economy than spending the money on overseas holidays or overseas luxuries?
Whatever the reason the country’s figures are looking remarkably good.
A faster and stronger economic rebound from the Covid-19 pandemic will see the government’s finances headed back to surplus sooner than expected, according to the Treasury.
It has never ceased to surprise me that those who profit at the expense of others are so unaware of the harm suffered by those they exploit, and are so convinced that they have a right to do the exploiting and that their profit is a proper and justifiable reward .
3 days ago
The government’s recent housing package may work; will it do enough?
Trick Question: Does New Zealand have a capital gains tax on housing? If you ask the Prime Minister she will say not. It is true that her government is increasing the scope of the ‘bright-line test’ on non-family homes to .
Press Release – New Zealand National Party Todays Half-Yearly Economic and Fiscal Update confirms Labour has no plan to lift New Zealand out of debt, saddling our future generations with the burden, Nationals Finance spokesperson Michael Woodhouse says. With Treasury forecasting debt to …
Today’s Half-Yearly Economic and Fiscal Update confirms Labour has no plan to lift New Zealand out of debt, saddling our future generations with the burden, National’s Finance spokesperson Michael Woodhouse says.
“With Treasury forecasting debt to peak above 50 per cent of GDP, the Government needs to show its plan to pay down this debt. But Finance Minister Grant Robertson hasn’t got one.
Covid-19 recovery needs to reach all New Zealanders equally - CTU voxy.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voxy.co.nz Daily Mail and Mail on Sunday newspapers.