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GST Hike Proposed, Tax Credits for Low-Income Families

6/29/2025

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Summary

Story summary

A draft briefing from Inland Revenue proposes raising the GST rate, aiming to generate quick revenue while offering tax credits to support low-income individuals. Tax expert Geof Nightingale warns that this increase could unfairly burden those already struggling, highlighting the ongoing debate over the absence of a capital gains tax.

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Story summary

A draft briefing from Inland Revenue proposes raising the GST rate, aiming to generate quick revenue while offering tax credits to support low-income individuals. Tax expert Geof Nightingale warns that this increase could unfairly burden those already struggling, highlighting the ongoing debate over the absence of a capital gains tax.