Christchurch earthquake tax

By Brian Easton In Economy

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14th May, 2011
John Key has shown considerable ability responding to the moods of the New Zealand public. That’s why I’m astonished by his rejection of an earthquake levy, involving a relatively small tax on income over 10 or more years to pay off the costs incurred by the Christchurch earthquakes. Instead, it seems we’re going to pay for them by squeezing Government expenditure. There is a case for doing this, but it is about our uncomfortable fiscal situation, the mounting external debt this is causing and the fear that at some stage the international lenders will treat us as they have treated ...

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