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The great KiwiSaver U-turn
Wednesday 31st of August 2022
The government has swiftly abandoned plans to raise an extra $225 million a year by imposing GST on fees charged by KiwiSaver providers and other fund managers.
The move follows a ferocious political backlash against the proposals, which lasted less than 24 hours after their introduction without public notification in a routine ‘omnibus’ tax bill.
A statement from th...
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