Asleep at the wheel: the KiwiSaver GST flip-flop

Even the adult mayfly lives longer than the ill-fated KiwiSaver GST proposal. (Image: Getty)

Wed, 31 Aug 2022

Governments are generally lumbering beasts, but this one proved today it can still turn on a dime when it needs to. After a five-year gestation, the proposal to impose GST on all KiwiSaver provider fees lasted less than 24 hours once it reached the light of day. This puts it in the same league as the adult mayfly, except that the adult mayfly generally lasts a full day before expiring.At Question Time in parliament today, and in revenue minister David Parker’s press statement announcing the climb-down, we are asked to believe th...

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