Metanet Forums

http://money.ninemsn.com.au/article.aspx?id=1055297

"The New Zealand Government has released its Budget, with the most significant of the changes related to tax reform. The moves include cuts to personal income tax, the company tax rate to 28% from 30%, Portfolio Investment Entity (PIE) tax and the tax rate for savings vehicles, offset by an increase in the GST rate to 15% from 12.5%."

None of you have probably heard of this, but still. I think it's a pretty good idea.

We have no PIE tax. :/

Manus Australis wrote:We have no PIE tax. :/

Goddamnit! I wanted to make this joke!

PIE is something too wacky for people to get this thing entirely serious. :F

Inspired wrote:I don't mind the changes overall, but changing of the GST percentage will seriously mess up every single Accounting textbook ever made.

Yeah... I can't figure out GST increases and decreases by times-ing and dividing by 8 and 9 any more. ;_;