Saturday, 19 April 2008

Australia v NZ: tax cuts

This article sets out the likely extent of the upcoming Australian tax cuts.

They may seem rather 'Cullen-esc' but just remember that they come after several years of progressively lowering tax (see wikipedia) and will be followed by several more years of tax cuts, I think right up to the next election (I guess so that the parties can have another tax argument).

Now there have been hints that Cullen may offer progressive tax cuts if he comes back next year, but we (sorry, I mean you) will have to wait and see, and hope that they are anywhere close to Australia's, but with his insane fear of borrowing to do anything (despite the fact that borrowing more fairly allocates the cost of construction / investment to those who actually use the infrastructure / services and who may not yet have been born) so having to fund all capital expenditure out of surpluses I doubt it.

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