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Moving tax brackets will 'lower the burden' on middle income Kiwis

Author
Newstalk ZB,
Publish Date
Thu, 30 May 2024, 9:48am
(Photo / Getty)
(Photo / Getty)

Moving tax brackets will 'lower the burden' on middle income Kiwis

Author
Newstalk ZB,
Publish Date
Thu, 30 May 2024, 9:48am

Tax cuts are expected to be front of mind for many people in today's Budget. 

Finance Minister Nicola Willis is releasing the 2024 Budget from 2pm today, unveiling the final shape of the promised tax cuts and how the Government plans to pay for them. 

Independent tax expert Geof Nightingale told Mike Hosking that he expects the Government to adjust the thresholds for the first time in 14 years. 

He said it’ll be a good thing because it will lower the tax burden on middle income Kiwis, but how its funded will be the fascinating thing. 

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