Proposed GST hikes may stop tourists using the cycle path
Private Bin isn't sure whether the announcement John Key's cycle track has reached stage two of the final funding round is ill timed in the wake of possible GST hikes or ill timed in general.
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Private Bin isn’t sure whether the announcement John Key’s cycle track has reached stage two of the final funding round is ill timed in the wake of possible GST hikes or ill timed in general.
As New Zealand and many economies around the world pick up the pieces from the worldwide recession, it begs the question whether cycle paths and GST increases are going to push the country back into surplus.
But nonetheless, Mr Key announced today that 13 projects would go through to stage two of the next funding round of The New Zealand Cycle Trail Project.
Mr Key has previous said (under his Minister of Tourism hat) that the cycle path will increase tourism and help boost the economy.
But a NZPA story posted on NBR’s 24/7 yesterday highlighted that the Tourism Industry Association was worried the proposed hike of GST to 15% would harm the country’s image as an affordable country to visit, as prices are set two years in advance in the international marketplace.
And what of those already here - with a hike in GST they will no longer be able to afford to buy bicycles.
NBR staff
Wed, 11 Jul 2018
Wed, 11 Jul 2018
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Proposed GST hikes may stop tourists using the cycle path
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