Simon Watts: Revenue Minister on the threat of a hole in the Government's tax plan
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
The Government is facing the threat of a hole in its tax plan.
Its promised relief on the back-pocket is meant to be partially paid for with a levy on online gambling - bringing in more than $730 million over four years.
But the Inland Revenue Department has crunched the numbers... and figures it will only bring in $155 million.
Revenue Minister Simon Watts told Heather du Plessis-Allan those calculations are correct.
He says there are a number of mechanisms which will come into play - including the reduction of costs in the public sector which will help balance the books.
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