![Deficit cut, but still higher than forecast](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Deficit cut, but still higher than forecast
The Government ended the last financial year with a deficit that was about half of what it was last year, but more than the billion shortfall signalled in the May Budget.
The Government ended the last financial year with a deficit that was about half of what it was last year, but more than the billion shortfall signalled in the May Budget.
Taxpayers who paid themselves artificially low salaries to avoid the top tax rate are being given longer to confess.
Central city carparks provided to workers will soon be taxed in a move described as "petty" by Opposition MPs.
Stallholders at Whangarei's popular Growers Market could get a visit from the taxman as the Inland Revenue Department looks to crack down on cash businesses to ensure they pay their taxes.
NZ's highest earners have paid less tax overall since 2001 tax changes that raised the top personal income tax rate.
The breakfast food giant doesn't pay company tax because of its owner's charitable status.