New Tax Structure Could Boost New Zealand's GDP by 17%
The article suggests that by adjusting the tax system in New Zealand to have a lower overall tax burden and a higher proportion of direct taxes, the country could see a significant increase in economic growth. This new tax structure could lead to a 17% boost in real GDP, even though tax revenue to the government would decrease by 6%. The economy as a whole would benefit from a 27% increase in purchasing power.