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GST off fruit, veg would help low income families
Council of Trade Unions media release
27 September
2010
GST off fruit and veg would help low income families
Labour’s announced policy to take GST off fresh fruit and vegetables would provide welcome relief to many families from a tax that hits people harder the lower their incomes, said the CTU today.
CTU Economist and Policy Director Bill Rosenberg said: “The real problem still lies with low wages in New Zealand and income that is unfairly distributed. GST should be phased out over time in favour of alternatives such as a capital gains tax (exempting the primary home) and a fairer income tax system that would help encourage productive investment and not hit low income earners as hard.”
ENDS
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