Nicola Willis says she isn’t borrowing for tax cuts and has staked her job on delivering meaningful tax cuts alongside a cut in public spending to afford the $2.9billion Landlord tax break. Her tax cuts are about $15Billion. Their advice is an inheritance tax, a Capital Gains Tax – OR raise GST. A CGT and inheritance tax would damage the real estate pimps who own them, where as a rise in GST would hurt those that National voters despise the most – the poor. Treasury have advised it and Nicola has suggested more revenue sources but has been coy what those will be.

Source: New Zealand Herald May 18, 2024 22:55 UTC