Business of Government: another Nats tax hole? OIA wins and fails, and more...

Is that a fiscal hole I see? Or just a small dent? (Image: Unsplash)

Wed, 20 Sep 2023

Is there really another hole in National’s tax plan?No, not really, is the answer to the question being raised by some journalists about whether the true cost of the National party’s proposal to reverse interest deductibility for landlords is much higher than it's allowed for in its tax plan.The document that has the press pack talking is a briefing by tax officials from last November saying that higher-than-expected interest rates mean an extra $360 million would be collected over the forecast period to June 2026, plus an extra...

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