What Cullen said about the top tax rate
"Ninety-five percent of people will not be asked to pay more tax. Instead, only the top 5 percent of income earners will pay more. The increase is expected to bring in $465 million in extra revenue in the next fiscal year."
No, it wasn't this budget
He also said "The benefits of living and working in New Zealand come from the type of society that we build."
I guess thats why lots of people are going overseas.
"Similarly, we will also look at restricting opportunities to avoid tax by interposing trusts or companies. The issues are complex, and consultation will be necessary, so these measures are not included in this bill. However, in the meantime, my advice to anyone considering aggressive measures to avoid the policy intent of this bill is: don't waste your time and money".
My advice to anyone: don't believe Cullen.