Tax base broadening measures in Budget 2012 will target high income New Zealanders who structure their financial affairs in ways to avoid their obligations, Finance Minister Bill English says.
Speaking to media ahead of tomorrow's Budget, English would not be drawn on what those measures might be, or how much revenue the Government expected to raise with those measures. Prime Minister John Key has said there will be one new base-broadening measure in Budget 2012.
He was imagining the reaction in bowels of the Labour Party engine room. The one where they house that dinky little 1300cc Toyota mounted on a bench, coupled to a big rubber band.
The Nats have pinched Labour's punching bag AND their gloves. A higher tax rate for the super fat cats who
Good God, Shearer will have to stand up in Parliament and heap praise on this budget.
The best part of all is that all those National voting rich pricks are in business and can divert heaps of income to remain in the current upper bracket. It's the fat cat Labour voters on salaries up to 5800,000, skulking in the public service, hospitals, courts, commissions and universities who will be hit.
I recall someone telling me Bill English has a hell of a good sense of humour.