GST increase would end honeymoon in minutes

by Jake Quinn

Prediction: If National raise GST at Budget 2010 and Labour oppose it (which they will), National and Labour will be polling neck and neck by this time next year.

There is actually a decent chance National will increase GST because it’s the one tax, unlike capital gains and land, that their base would accept in return for a top-tax-rate cut.

However, it is the one tax increase that everyone will notice, everyday, every time the swipe their Eftpos cards.

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