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Inland Revenue goes against 'long-term fiscal forecasts' with tax recommendations - expert

Author
Newstalk ZB,
Publish Date
Thu, 16 Apr 2026, 11:47am
Photo / File
Photo / File

Inland Revenue goes against 'long-term fiscal forecasts' with tax recommendations - expert

Author
Newstalk ZB,
Publish Date
Thu, 16 Apr 2026, 11:47am

A tax expert believes new Inland Revenue recommendations fly in the face of long term fiscal forecasts. 

The report lays out a range of suggestions, including a capital gains tax and increasing the Goods and Services tax from 15%.  

It warns this would disproportionately affect those less fortunate, so should be paired with cash transfers to poorer workers.  

Independent tax expert Geof Nightingale told Ryan Bridge the aim is to ease the Government's deficit. 

He says you can borrow, which isn't sustainable long term, or you can cut expenditure and raise taxes. 

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