Taxpayers' Union criticized National for passing Labour's 39% trust tax rate increase, despite pledging to reduce spending.
Taxpayers' Union criticized National for passing Labour's 39% trust tax rate increase, despite pledging to reduce spending. While they praised the reinstatement of interest deductibility for residential rental properties and the reduction of the bright-line test to two years, the Union argued that the government should focus on cutting wasteful spending rather than raising taxes during challenging economic times.
March 27, 2024
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