Core tax revenue is forecast at $62.4 billion, or 27.4 percent of gross domestic product in 2014, rising to $72.8 billion, or 28.3 percent in 2017 as the economy grows. Growth in tax revenue is expected to strongly outpace forecast nominal GDP growth over the forecast horizon, with all tax types picked to rise, especially tax from employees, the Treasury estimates.
“@deloittenztax: What do we think of #NZBudget thin cap tax announcements? bit.ly/13n7JH1” trivial
— David Cunliffe (@DavidCunliffeMP) May 16, 2013
Though in the meantime, only more statism to be seen here, move along please ...
Stop press: the surveillance state grew a whole lot more, by the looks of it, than is admitted in the announced $6.65 million figure …
Vote Revenue has got $54m more funding in 2014 for IR in part to chase debtors and do audits, much more than announced? #nzbudget ^GN
— PwC New Zealand (@PwC_NZ) May 16, 2013