I do not think its effect will be as far reaching as it is intended. This will possibly inhibit the changes that your Government want to see happen to the tax law. The other thing your legislation will do is make it harder for business and increase compliance costs something that I understand it was not supposed to do. In any issue regarding tax my view is keep it simple otherwise there will be a backlash. We have simplified our tax law and lowered the burden of compliance costs to New Zealand businesses.
Most surveys show that New Zealand has a simple tax system that works.
And if we were still in government New Zealanders would pay less tax. We promised continued tax cuts to middle income New Zealanders at this most recent election, and we will do so again. No country in the western world is raising income taxes right now, except us, and it is pleasing that in Australia there are moves to more direct taxes like GST - which National believes is a fairer and more effective taxation system. I have been impressed at the courage of the Howard Liberal Government as it has developed the GST policy, and wish you all the best with its implementation this year. Indeed even Young Nationals are hosting our annual policy conference in March this year.