It's not about tax relief: it's about tax thievery

Cam Bagrie has some ideas to dig Nicola Willis out of a tax cut hole. (Image: BusinessDesk)

Mon, 06 Nov 2023

Tax relief was a mainstay of the National party’s election promises, the majority party in the new government. The main component was tax threshold indexation or adjusting tax brackets to compensate for inflation which accounted for 62% of the tax relief initiatives.The intent - to address tax thievery - was good enough. The execution and design then got usurped by politics: a desire to push a decent amount of cash into people’s pockets in 2024/25. The numbers didn’t add up and the tax package itself would add to inflati...

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