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Finance Minister Michael Cullen read his ninth budget on 22 May 2008.

Over the next three years the Budget delivers personal income tax relief by lowering the bottom tax rate and adjusting the tax thresholds. Disappointingly the middle and top marginal tax rates remain at 33 and 39 percent, and it looks likely that these tax rates will stay as a permanent feature of the tax landscape.

A team of PricewaterhouseCoopers tax analysts worked overnight to assess the implications of the Budget announcements.

Download our Budget 2008 Tax Analysis for more information.

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