Finance Minister Nicola Willis and Prime Minister Christopher Luxon have repeatedly said tax cuts are in the Budget, as promised. Today, at 2pm, New Zealanders will discover to the surprise of no one that the Budget includes... tax cuts. The tax cuts come with a hefty price tag. Tax cuts that trigger on July 1 could be a headache for payroll systems. The other challenge for the Government is the intrigue that will naturally surround the 200 programmes axed to fund the tax cuts.
Source: New Zealand Herald May 30, 2024 04:03 UTC