Cullen rules out tax cuts

Sunday 17 October 2004

Finance Minister Michael Cullen has again ruled out "across-the-board" tax cuts, saying the fiscal position of the Government is not as rosy as some are painting it.

By The Landlord

In notes for a speech to the Institute of Chartered Accountants annual meeting in Christchurch this morning, Dr Cullen outlined the Government work programme.

Fiscal prudence was at the core of his plans.

"Our fiscal position does now give the government some room to manoeuvre on the tax policy programme," he said.

"I am not prefiguring across-the-board tax cuts.

Read More - Opens in a new window
Commenting is closed

Property News

Key reform will only protect bad tenants

Getting rid of “no cause” termination notices only serves to protect bad tenants and will have a negative impact on the broader community, not just landlords, according to landlord advocates.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.


Demand challenges for commercial sector

Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.


Mortgage rates may be at cycle low: ASB

Take note, investors: It is "quite possible" fixed rate mortgages have hit their lowest point in this cycle, according to economists at ASB.

Site by PHP Developer