The Government’s income tax changes will be legislated before Christmas and will come into force on April 1 next year.
Labour campaigned on creating a new tax bracket for income earned over $180,000. The party proposed to tax income earned above $180,000 at 39 per cent.
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Defund da sewerage. The albatross around New Zealand’s neck.
These lop-sided public and political pressures commonly cause central banks to ease off on inflation too early. Jarring policy reversals are then needed.
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