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Geof Nightingale: Tax expert on the proposed increase in GST
Description
A draft Inland Revenue briefing supports lifting the GST rate if required - and notes tax credits could help people on lower incomes.
The IRD briefing also brought up the lack of a capital gains tax, but did not endorse any specific view on it.
Tax expert Geof Nightingale told Heather du Plessis-Allan that lifting GST is a fast and efficient way to raise revenue.
But he says while quick, it's much harder on lower-income people.
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