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Cullen rubbishes switching claims
Tuesday 9th of May 2006
Finance Minister Michael Cullen has described the story as "not only blatant sensationalism, it's wrong.""To say that people on a 39% tax rate will move bank deposits to the new investment tax rules so as to limit their tax to 33% is uninformed and inaccurate.
"The new rules do limit tax on savings to a maximum of 33%.
But that simply continues existing rules for superannuation and...
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