Podcasts Other The Mike Hosking Breakfast Geof Nightingale: Independent Economist says that removing the foreign buyers tax would leave the Government with few options for raising revenue

Geof Nightingale: Independent Economist says that removing the foreign buyers tax would leave the Government with few options for raising revenue

Published: Nov. 13, 2023, 6:43 p.m.

Objection to the foreign buyers tax could create a tough financial situation for the incoming Government.\xa0

Newstalk ZB understands coalition negotiations are being held up by disagreements over tax. \xa0

It's understood New Zealand First has problems with the foreign buyers tax, along with the proposal to redirect the Climate Emergency Response fund.\xa0

Independent tax expert Geof Nightingale told Mike Hosking that getting rid of that would leave them with few options for raising revenue.\xa0

He said that without the tax, the Government may look to the public service for savings.

Nightingale said that because they campaigned on fiscal prudence borrowing isn't an option, so they will most likely look to make further cuts to spending.

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