Tag: Economy
The government wants to give local bodies more power – that should include the power to tax
Local government raises about 4% of New Zealand’s tax revenue. The equivalent in Denmark is about 36%. If the government believes in ‘localism’, it has to give councils more power to raise revenue.
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17 Jul, 01:00 AM
Budget update forecasts deficit of $1.1 billion this financial year
The Mid-Year Economic and Fiscal Outlook (MYEFO) shows the federal budget is headed for a small $1.1 billion deficit this financial year, according to the update.
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13 Dec, 12:00 AM