News

Cullen encourages savings

Tuesday 28th of March 2000
Anti-avoidance measures announced yesterday that are aimed at stopping high income earners avoiding the new top tax rate of 39 cents are effectively the government's first savings incentive.

Under the proposals, which have yet to be passed through Parliament, high income earners can avoid the 6 cent tax increase on earnings over $60,000 by having their employer divert money into a registere...

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