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The Forum > Article Comments > Intergenerational Report misses opportunity to lay groundwork for Tax White Paper > Comments

Intergenerational Report misses opportunity to lay groundwork for Tax White Paper : Comments

By Michael Potter, published 27/3/2015

While it has been subject to some criticism, the real issue missing from the IGR is modelling of one entire side of the Budget – the tax side. As a result, an opportunity has been missed to enable a more informed discussion for the Tax White Paper.

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the author is spot on, for example the so called scenario of legislation as is , is fundamentally flawed and deceptive. the scenario assume taxation as a proportion to gdp will remain constant, but on the other hand predicts real income growth to rise by 71% over the projection period. that is 71% beyond inflation. if this was to occur under present legislation there would be significant increase in tax, hence the deficit projections are way out and rely upon fictional tax cuts .
Posted by SLASHER1, Wednesday, 1 April 2015 3:27:04 PM
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