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Thread: Government group wants GST at 17.5%

  1. #46
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    Quote Originally Posted by avgas View Post
    Newsflash!

    Govt taxes people, People not happy

    and comming up next:

    how to save a kitten from a tree.

    .....oh yeah and something about Cairo
    Hey! Ive got a kitteh up a tree over here? where's my headsup on how to get him down??????????
    I thought elections were decided by angry posts on social media. - F5 Dave

  2. #47
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    Quote Originally Posted by The Stranger View Post
    FFS don't let a minor detail like that stop you.
    hey - it's never stopped the politicians.......
    Quote Originally Posted by rustic 110
    Personally, I'm no financial wizard but a quick whip through Google indictaes that NZ has the lowest Goods and Services Tax in the OECD. Then again I could be wrong.
    Correct. Aus has 10%. You were.
    “- He felt that his whole life was some kind of dream and he sometimes wondered whose it was and whether they were enjoying it.”

  3. #48
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    Quote Originally Posted by Mully View Post
    Raising GST won't happen in the short term - it's political suicide for any party to even suggest.

    I wouldnt be surprised, if Labour ever get back in, to see a compulsory Super scheme like Australia's implemented though. It's not perfect, but A$1.2 Trillion (or whatver the value is, it's something enormous) is difficult to ignore.

    Plus maybe a Gummint Guarantee for Kiwisaver funds too.

    Kiwisaver is difficult to argue with though - chucking the $1040/year in the pot gets you a 300% return (400% in the first year). Course, we're in a position where we can have independant savings too.
    Feckers had darn near 10 years to do all that, but preferred to spend their time 'social engineering'.

    Feckin great society they've engineered too innit?
    Keep on chooglin'

  4. #49
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    Quote Originally Posted by Smifffy View Post
    Feckers had darn near 10 years to do all that, but preferred to spend their time 'social engineering'.

    Feckin great society they've engineered too innit?
    In fairness, they did bring in Kiwisaver in the first place.

    I have often wondered if Kiwisaver was always going to be made compulsory if Labour had won in 2008.
    Quote Originally Posted by rachprice View Post
    Jrandom, You are such a woman hating cunt, if you weren't such a misogynist bastard you might have a better luck with women!

  5. #50
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    Quote Originally Posted by Banditbandit View Post
    OK .. yes, theoretically that would work (By the way, a lot of my old criminal friends - I have little to do with them any more - pay taxes on criminal earnings
    Of course, honest criminals, whatever was I thinking?
    Quote Originally Posted by Tank
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  6. #51
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    Raising GST and lowering Personal tax is just the latest tack from the flat tax for all brigade.

    While I can accept the arguments in favour of its wider net and "allegedly" it encourages people to save (this seems a self defeating argument when the only reason to save is in order to spend more later but since you'll be paying more GST on whatever it is you wish to buy, what will that have accomplished you?) The fact remains that because GST is not progressive, higher sales tax in lifes essentials will hit the poor and low income earners the hardest.

    Who of you supporters of this proposal would be in favour of an increase in minimum wage and benefits to assist these people?


    ps I've just realised why we're all to be encouraged to save. Its not for the benefit of the saver, its for the benefit of the money users!!! (aka Banks and Business)
    "There must be a one-to-one correspondence between left and right parentheses, with each left parenthesis to the left of its corresponding right parenthesis."

  7. #52
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    Quote Originally Posted by Clockwork View Post
    ps I've just realised why we're all to be encouraged to save. Its not for the benefit of the saver, its for the benefit of the money users!!! (aka Banks and Business)
    been like that for years...

  8. #53
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    Quote Originally Posted by HenryDorsetCase View Post
    Hey! Ive got a kitteh up a tree over here? where's my headsup on how to get him down??????????
    Ask Tamati

    not that he knows how to get pussy out of a bush
    Reactor Online. Sensors Online. Weapons Online. All Systems Nominal.

  9. #54
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    Quote Originally Posted by Mully View Post
    In fairness, they did bring in Kiwisaver in the first place.

    I have often wondered if Kiwisaver was always going to be made compulsory if Labour had won in 2008.
    Likewise
    I wonder if SCF / Dorchester / St Laurence Ltd / Dominion Finance Holdings / IMP Diversified Fund / Belgrave Finance / MFS Pacific Finance / Cymbis New Zealand / Kiwi Finance / Lombard Finance and Investments / MFS Boston..... would have had a Kiwisaver schemes if Labour got in, in 2008?
    Reactor Online. Sensors Online. Weapons Online. All Systems Nominal.

  10. #55
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    Quote Originally Posted by The Stranger View Post
    Of course, honest criminals, whatever was I thinking?
    No .. just intellegent ones .. if you got to jail for a few years you still have stuff waiting when you get out ... if you fuck with IRD they will clean you out and you come out of jail possibly still owing the money on what they assessed you owe and did not recover by selling everything you own ...
    "So if you meet me, have some sympathy, have some courtesy, have some taste ..."

  11. #56
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    Quote Originally Posted by Banditbandit View Post
    No .. just intellegent ones .. if you got to jail for a few years you still have stuff waiting when you get out ... if you fuck with IRD they will clean you out and you come out of jail possibly still owing the money on what they assessed you owe and did not recover by selling everything you own ...
    Yup that about sums up the NZ 'justice' system - IRD is a bigger deterrent than jail.
    Keep on chooglin'

  12. #57
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    A consumption tax is a fair way to get tax from everybody, every kid who buys a ice block to every pensioner who buys a new zimmer frame. Every crim who doesn't pay PAYE and every dodgy business man who earns nothing but lives in a million dollar house pays some thing.

    What earks me is the real value of my savings dropped 2.5% last month. But on the other hand the value of my bricks and mortar went up 2.5%.

    When GST was introduced wasn't the tax take 5% higher than the govt expected.
    Just another leather clad Tinkerbell.
    The Wanker on the Fucking Harley is going for a ride!

  13. #58
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    I'm a proponent of higher GST and lower income tax.

    High income tax creates an industry of lawyers and accountants who create schemes to minimise the tax of those who can afford to pay their fees.

    High GST creates a cash economy - because cash transactions are untraceable. And people still want to buy goods - which creates a much bigger demand for stolen goods. I suspect the withdrawal of large amounts of cash from the economy will go along towards stopping this avoidance, and associated crime.

    The trick is to get the right balance without creating a whole new sector of business - either for criminals or lawyers/accountants. It's funny how one of those two is the main beneficiary.

  14. #59
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    When will the government realise, it's got to be funky sexy ladies!?
    KiwiBitcher
    where opinion holds more weight than fact.

    It's better to not pass and know that you could have than to pass and find out that you can't. Wait for the straight.

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