GST hike to 15%

[Oscar]

Top 4 biggest economys don`t seem to be on the sales tax list (Well Japan has 5%) so who are we following?

There is absolutely nothing to be gained by comparing consumption taxes like GST if you don't look at income tax, duty, excise tax and the like plus access to Govt funded services like health - you're not looking at the full picture.

[Blackflagged]

No problem, so you think a higher consumption tax is the answer? What country should we aspire to be like in the Future.
I remember when GST came in we were going to be the Singapore of the south, and kick Ozzys arse.A lot believed that! Opposite has happened(As you say more to it than that, though) - Will it increase our savings rate?

[rustic101]

I am struggling to see why people are getting upset about GST increasing. Each individual controls how much GST they pay.

If you use expensive items you pay more, if you smoke (I do) you pay more, if you drive or ride lots you pay more.
Short answer is I do all of these things and I do it by choice, I can easily reduce the amount of GST by buying
cheap food, cloths, or making my own fuel.

People prices are always increasing. If its cheaper in Aus, buy a ticket and move. Become a tight arse or pay.

[Lurch]

No problem, so you think a higher consumption tax is the answer? What country should we aspire to be like in the Future.
I remember when GST came in we were going to be the Singapore of the south, and kick Ozzys arse.A lot believed that! Opposite has happened(As you say more to it than that, though) - Will it increase our savings rate?

Of course it never happened we aren't ruled by a king who has no problem with corporal punishment. The only problem with New Zealand's economy is the fact that "New Zealander's" live here.

[Oscar]

No problem, so you think a higher consumption tax is the answer? What country should we aspire to be like in the Future.
I remember when GST came in we were going to be the Singapore of the south, and kick Ozzys arse.A lot believed that! Opposite has happened(As you say more to it than that, though) - Will it increase our savings rate?

We are never going to beat Aussie - they dig their wealth out of the ground.

We can only play to our strengths and try and mitigate our weaknesses.

Our strength is that we are an inherently fair society and that we are politically, socially and economically one of the freest nations in the world.

One of our weaknesses is an inability to save/invest in our own economy. This budget appears to be an attempt to fix that problem (including our unhealthy obsession with property investment to the exclusion of other markets).

[fuknKIWI]

Quoting out of context

Yeah but you know Kiwibiker.... many if not everyone make assumptions one time or another. Facts? Merely details getting in the way of a good winge and rant!

Yes it is a terrible tragedy.

[fuknKIWI]

You actually sound like an ex Kiwi that went to Auz and thinks he's travelled. Explore some more of the world before shooting your mouth off, you'll find that with a very small population, we actually are'nt doing too bad, and N.Z by comparison, can be a pretty damn cheap place to live.

Don't give up your day job you just don't crack it as a mindreader not a bad flame job though.
As for the travelling I went through the Panama Canal 3 times possibly before you were born, there was no other way to England back then. Did USA, Europe Scandi early 80's Asia in the 90's & NZ 6 times in the last 20 years. Last time back in NZ I was shocked at the price of food.
You must be pretty fit though jumping to conclusions, flying off the handle & supple enough to put your foot in your mouth.
Don't forget that it was nearly put in the original legislation that GST would PERMANENTLY stay at 10%, of course they baulked at that 17.5% here we come...

[fuknKIWI]

Please mind your manners. We are a Banana Republic and aspire to being "third world" status.

But at least we are not Australia, eh?

Wow it's warm enough to grow bananas in NZ...

[Oscar]

Don't give up your day job you just don't crack it as a mindreader not a bad flame job though.
As for the travelling I went through the Panama Canal 3 times possibly before you were born, there was no other way to England back then. Did USA, Europe Scandi early 80's Asia in the 90's & NZ 6 times in the last 20 years. Last time back in NZ I was shocked at the price of food.
You must be pretty fit though jumping to conclusions, flying off the handle & supple enough to put your foot in your mouth.
Don't forget that it was nearly put in the original legislation that GST would PERMANENTLY stay at 10%, of course they baulked at that 17.5% here we come...

No other way to England?
When was this?
1890?

[Oscar]

Don't give up your day job you just don't crack it as a mindreader not a bad flame job though.
As for the travelling I went through the Panama Canal 3 times possibly before you were born, there was no other way to England back then. Did USA, Europe Scandi early 80's Asia in the 90's & NZ 6 times in the last 20 years. Last time back in NZ I was shocked at the price of food.
You must be pretty fit though jumping to conclusions, flying off the handle & supple enough to put your foot in your mouth.
Don't forget that it was nearly put in the original legislation that GST would PERMANENTLY stay at 10%, of course they baulked at that 17.5% here we come...

I don't get your fixation with the rate of GST.
It's one part of the tax equation.

You also seem to forget that when GST was introduced:
* It replaced a range of sales tax with rates of between 10% & 60%. A whole bunch of consumer goods dropped in price during the eighties.
* Income tax was reformed at the same time. The previous five step system (with a top rate of 66%!) was replaced with a three tier one with rates of 15%, 30% & 48%.

So to properly compare the increase in GST since introduction, you would have to allow for the reduction of income tax rates (which are now lower than they were post GST).

[Hitcher]

I have no issues with making tourists to New Zealand pay 15% GST. It's possible for the fuckers to come and visit here and to not put a dollar into the New Zealand economy. "How does that work?" I hear you say?

Well, if they pay for an inclusive package to a tour operator in their country of origin, they pay in their local currency exclusive of GST. The only benefit New Zealand's tax system sees is from any out-of-pocket spending they do while here, like buying a coffee or a Moro Bar.

[firefighter]

Don't give up your day job you just don't crack it as a mindreader not a bad flame job though.
As for the travelling I went through the Panama Canal 3 times possibly before you were born, there was no other way to England back then. Did USA, Europe Scandi early 80's Asia in the 90's & NZ 6 times in the last 20 years. Last time back in NZ I was shocked at the price of food.
You must be pretty fit though jumping to conclusions, flying off the handle & supple enough to put your foot in your mouth.
Don't forget that it was nearly put in the original legislation that GST would PERMANENTLY stay at 10%, of course they baulked at that 17.5% here we come...

That's the way mate, come here and start attacking people. Oh, and with all that need to prove yourself, i'm not sure who you are trying to convince. Can you piss really far too?

Unsure as to where I flew off the handle, i'd actually have to say you've completely described your own actions, starting at post No.1. I merely gave 10/100000th of the response you deserved. Your quite lucky that kiwis have the ability to laugh at themselves, and do'nt judge the worth of their country by a GST rise, and the state of it's rugby coach, or you'd have been kicked off the site at the start, how the fuck this has'nt ended up in P.D is beyond me.

[fuknKIWI]

That's the way mate, come here and start attacking people. Oh, and with all that need to prove yourself, i'm not sure who you are trying to convince. Can you piss really far too?

Unsure as to where I flew off the handle, i'd actually have to say you've completely described your own actions, starting at post No.1. I merely gave 10/100000th of the response you deserved. Your quite lucky that kiwis have the ability to laugh at themselves, and don't judge the worth of their country by a GST rise, and the state of it's rugby coach, or you'd have been kicked off the site at the start, how the fuck this has'nt ended up in P.D is beyond me.

Oh here the thread is, yep it has become a rant & rave, I thought it had been censored out of existance.
As I see it the first attack on a person came in post No 9, attributing YOUR thoughts to me, a bit arrogant eh bro? Just like you feel I need to prove myself, I don't not to you or anybody else. As Popeye said IYAM WOT IYAM So fucking what if I travelled within or outside of Australia.
You seem to contradict yourself there if YOU could laugh at yoursef you wouldn't be offended by the third world joke(toughen up princess), or was there something else offensive in the first post too?
The point of my first post was & is that NZ is being right royally screwed by it politicians/government. There are some valid arguments for & against a consumption tax and some of the less precious posters have actually addressed those issues intelligently., & raised some pertinant points. The actual raising of GST is a twice broken promise, enough to warrant a rant & a rave.
But hey go ahead & shoot the messenger.
If that's all it takes to get kicked out of a forum then Kiwibitcher has a well earned reputation, yep as always the few spoil it for the many.
DILLIGAFF

[Mudfart]

according to the ird/govt site quick new tax calc, i will save 24 dollars week. if i buy a new bike worth 20g, its gonna cost an extra 800-1000$. thats a lot of weeks saving my 24$ to get there! Nothing mentioned about the rapage to my wallet, when everything else i spend my money on, costs an extra 2.5% also.
One reason me and a lot of people get into bikes is to be frugal with travel expenses. i admit the initial outlay (mostly for weather and maintaintence costs) have been high, but the weather here in nth waikato is just plain annoying.
Ok i can ride in dense as fog, or noahs flood type rain, or arctic chills, but fark me, i think i'd rather be riding in the lovely sun of Oz.

[Jonno.]

according to the ird/govt site quick new tax calc, i will save 24 dollars week. if i buy a new bike worth 20g, its gonna cost an extra 800-1000$. thats a lot of weeks saving my 24$ to get there! Nothing mentioned about the rapage to my wallet, when everything else i spend my money on, costs an extra 2.5% also.
One reason me and a lot of people get into bikes is to be frugal with travel expenses. i admit the initial outlay (mostly for weather and maintaintence costs) have been high, but the weather here in nth waikato is just plain annoying.
Ok i can ride in dense as fog, or noahs flood type rain, or arctic chills, but fark me, i think i'd rather be riding in the lovely sun of Oz.

That's assuming prices rise 2.5 percent. The price won't necessarily go up 2.5 percent because there will be a loss of demand.

Also, you can afford a $20,000 bike and you're complaining?

Also, how did you get $800-$1000. That's more then 2.5% anyway.