I haven’t seen any analysis of the tax impact of this policy so thought I’d run some quick numbers myself.
Apparently there are more than 1.4m cats in New Zealand (a world record per capita).
It is estimated each year New Zealanders spend 680m on cat food, vet services and other cat related items.
If cats are eradicated the GST revenue lost to the Government will be in the region of $88m each year. That’s more than twice the amount spent by the Department of Conservation each year on species conservation programmes.
Barrister, Director and Consultant specialising in tax, family enterprise governance and succession, helping start ups and entrepreneurial enterprises grow safely and international expert on value added tax policy and implementation.