Cutting GST on fresh produce won’t help those most in need – a targeted approach works better
- Written by Ranjana Gupta, Senior Lecturer Taxation, Auckland University of Technology
GettyImagesFood prices are rising at the fastest rate in almost four decades, with fruit and vegetables up more than 22% in the past year. As often happens during a cost of living crisis, there have been calls to remove the goods and services tax (GST) from fresh produce.
But is this actually a good idea? And if not, what alternatives might there...