Proposed KiwiSaver tax would reduce balances by $103b by 2070
Bill introduced by Revenue Minister David Parker today proposes adding GST to managed fund fees.
Revenue Minister David Parker.
A proposal to add GST to KiwiSaver and managed funds could collect $225 million a year and reduce investors’ balances by more than $180 billion by 2070, under a bill tabled by Revenue Minister David Parker today.
The changes were quietly proposed in the Taxation (Annual Rates for 2022-23, Platform
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