Tax Cuts, Inflation and Saving: Confusion Piled High
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Tax Cuts, Inflation and Saving: Confusion Piled High Finance minister Michael Cullen argues against significant tax reductions on the grounds that they would be inflationary. In response, some have suggested that tax cuts could be quarantined by channelling them into savings through the KiwiSaver scheme, so reducing demand and inflation pressures. By Roger Kerr. |
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