[QUOTE=dpex;1129523343]

Originally Posted by
NighthawkNZ
... I gather our Gross Annual Turn-over is something to the order of $700 billion. It follows a 2.5% increase in GST, to 15%, would then raise around $35 billion.
I think I might shoot a note of to various pollies on that one.
A change of GST rate from 12.5 % to 15% is more like a 20% increase not 2.5%.
and... is the $700 billion figure the GST turnover or what the Government actually collects?
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