Iain Blakeley

Barrister - Tax Expert - Business Adviser - Director, Professional, Practical, Fast, Affordable

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The important GST policy issues…

IRD Policy have just released their updated work programme for 2010 / 2011. I understand they will consider submissions from anyone who feels there are other more pressing tax policy considerations. Here's what they have in the policy pipeline for GST: - June 2011: a...

-$600m

In the three months ended 30 September 2010 the Government collected 15.8% less GST than forecast. That's about $600m less than budgeted. The big increase in consumer spending anticipated before the 1 October GST rate rise didn't happen. In 1989 when the rate...