Yesterday was tax day, GST and provisional tax being due. We have a number of clients, on top of those who already have (over 20 in total) call to say they do not have funds to pay their tax. Main reason, sales have fallen off a cliff, some reporting a 50% decline 1/ — I was Jacinda, not a celebrity. i quit. (@nzchiefstrategy) May 8, 2023 GST payments significantly down on Jan and this time last year. Of more concern…
These figures will be massaged; they always are. They are talking about recovery but how is that possible when people can’t come ino or leave the country and our #1 earner, tourism, is completely shut down. Yesterday, they were saying 16 % https://www.newshub.co.nz/home/politics/2020/09/national-fears-brain-drain-as-new-zealand-economy-shrinks-more-than-australia-from-first-lockdown.amp.html?__twitter_impression=true&s=09 ‘In the eye of the storm’: Quarterly GDP falls a record 12.2 percent, New Zealand officially in recession Newshub, 17 Setermber, 2020 New Zealand Gross Domestic Product (GDP) fell by a record 12.2 percent in the June…
