Revenue Minister Peter Dunne has added further weight to widespread expectations the tax system on property investment is to be changed, and personal taxes are to be lowered.
Speaking to the International Fiscal Association conference in Christchurch today, Dunne said changes to the tax treatment of property were likely, to make the rules fairer and more equitable for all taxpayers.
"This is not an attack on landlords, as some have protested, but a rebalancing act designed to address the concerns highlighted by both the Tax Working Group and the Governor of the Reserve Bank over the years about distortions favouring property investment over other forms of investment," Dunne said.
With personal tax cuts expected to be back on the agenda, are you optimistic about how the Government may implement them? What tax reform measures would you like to see? Send us Your Views.
Are you optimistic about personal tax cuts?
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