Govt suffered unnecessary whiplash on ‘KiwiSaver tax’
OPINION: If the Government had approached the proposal the right way, its neck wouldn’t be so sore today.
IRD recommended GST was added to managed fund fees, to even out the playing field.
The Government certainly showed a willingness to fail fast in this week’s U-turn-so-hard-they-must-have-whiplash on the so-called KiwiSaver tax. But if it had approached the proposal the right way, its neck wouldn’t be so sore today.
The Government very quickly realised the visceral reaction to
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