Today’s presentation of a petition to Parliament for GST to be removed from food shows debate around this is only going to intensify leading up to the election. It seems there’s support coming from Maori and Mana Parties and the Greens. With Labour’s stated policy to remove GST from fresh fruit and vegetables there is [...]
Archive for the ‘Rate increase to 15%’ Category
GST exemption gaining momentum? Leave a comment
The great New Zealand GST myth? Leave a comment
NZ GST landscape changes 1 comment
Following Labour leader Phil Goff’s confirmation yesterday his party will remove GST on fresh fruit and vegetables if elected later this year the New Zealand GST landscape has changed significantly. Since 1986 when the Labour Party first gave us GST there has been bi-partisan agreement with the desirability of keeping a single rate broad-based system. [...]
Fiji VAT to 15% 3 comments
Fiji is raising VAT from 12.5% to 15% from 1 January 2011. This was announced last Friday and gives businesses very little time to get ready for the increase. It will be interesting to see how they go and whether transitional measures similar to those introduced in New Zealand will be used to deal with [...]
The habits of the average consumer Leave a comment
More details are available on how we spent our money in the September quarter. While the increased spending wasn’t close to the predictions of Treasury consumers seem to have had a bit of a splurge on furniture and appliances which helped bring the overall numbers up slightly. NZ Herald Economists are still predicting sluggish spending [...]
