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Sandy Lau: PwC Partner and tax expert on the report finding NZ's population may fall below what's needed to support government spending
Published 1 week, 1 day ago
Description
New Zealand may not have a large enough working population in the future to support government spending.
A new Koi Tū report shows the fertility rate is at a record low and the population is ageing very quickly.
It found immigration is increasingly becoming the major source of talent and population growth.
PwC Partner and tax issue specialist Sandy Lau told Ryan Bridge that artificial intelligence can't help us either.
She says New Zealand's tax base is unique in that in relies on taxes on labour and on consumption, which is tax paid by people.
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