Inland Revenue Weighs up Tax Hikes to Pay for Ageing Population

Taxes will have to increase to cope with ageing population, government spending

Government spending will exceed revenue by 2061 prompting the IRD to look at the tax system.

Inland Revenue weighs up tax hikes to pay for ageing population

Inland Revenue is flagging its view that Kiwis will likely need to pay more tax in the future to cover rising costs associated with an ageing population. The...

Haverhill approves budget, tax bill hikes up

HAVERHILL — The average single-family homeowner in Haverhill is expected to see a $299 increase in their property tax bill with the fiscal new year just weeks away.