Thursday, 20 May 2010, 4:21 pm Press Release: KPMG
GST hike rushed: KPMG
Peter Scott, Tax Partner
and Head of GST, KPMG
While we believe that raising
revenue from GST is a sensible approach, with only four
months until implementation, New Zealand businesses have not
been given much time.
Businesses will need to quickly
think through the implications and implement the necessary
changes.
For individuals, our analysis shows that that no
one will be any worse off because of the GST increase and
that it may encourage
savings.
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