3min chapter

Q+A cover image

Grant Robertson: Cyclone buyouts, fiscal holes, and Labour’s tax package

Q+A

CHAPTER

The Revenue Shortfall in New Zealand

When will we have certainty in Tied Arfati, Auckland and Hawkes Bay for all of those affected homeowners? The crown revenue to the end of May was more than $2 billion lower than previously forecast because of corporate tax intake. Act and New Zealand first both claim you're facing a massive revenue shortfall, $20 billion and $30 billion respectively. There's quite a big difference, Jack, isn't there between $2 billion and $20 or $30 billion? And it does strike me that at the moment it seems that people can just make a claim with any old thing attached to it and then I have to respond to that. Now, the final year's accounts will be

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