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Tax thresholds could be tweaked: Joyce

NZ Newswire logoNZ Newswire 27/04/2017

"We'd like to do something but, as I've said all the way through, it won't be anything dramatic," © Hagen Hopkins/Getty Images "We'd like to do something but, as I've said all the way through, it won't be anything dramatic," Finance Minister Steven Joyce is being coy about the possibility of tax cuts in next month's budget, but he says if there is any change it would be to the thresholds.

Questioned by reporters after his pre-budget speech in Wellington on Thursday, he said he wasn't prepared to make any calls on taxation.

"We'd like to do something but, as I've said all the way through, it won't be anything dramatic," he said.

"There might be something there (in the budget), there's a range of ways you can help families."

Mr. Joyce said he had always been clear that the government wasn't planning cuts to actual tax rates.

"We're looking, if anything, at thresholds."

The tax thresholds determine how much tax people pay based on their income, going up in steps from income of $14,000 a year to over $70,000.

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