Originally Posted by
Blue Skies
Some here sound more outraged over the withdrawal of the GST charge on the fees charged by foreign owned Kiwisaver Fund providers, to put them on the same footing as NZ managed Kiwisaver Fund providers, than the deliberate cynical misrepresentation of this as a tax on peoples retirement savings by Willis & Luxon.
Luxon & Willis achieved exactly what they wanted which was for people to mistakenly think their retirement savings were going to be taxed, rather than GST applied to the 1.5% fees of foreign owned Fund Providers.
We are really starting to venture a step closer to Trump/Republican territory when this group of National MP's so vigorously misrepresent things for political gain.
Talkback was flooded with stressed people thinking a new GST of 15% was going to be applied to their savings!
If they genuinely felt it justified, Luxon & Willis could easily have argued the case for the exemption to remain, but instead chose to misrepresent it to voters.
Have we lost so much trust in National that deceptions hardly register anymore, anything goes ?