The first decade of the 21st century was a good period for the New Zealand economy.

Finance Minister Bill English says he will be "carefully considering" advice to raise GST and cut personal income tax rates as he puts together his Budget.

The Government has been advised to consider "significant changes" to make New Zealand's tax system fairer and more effective.

Some of the tax changes under consideration would reduce house prices and raise rents, says Westpac.

Opposition ACC spokesman David Parker is accusing the Government of misrepresenting ACC's position to soften up the public for major cuts to ACC entitlements.

Some tightening of tax rules surrounding property is inevitable, ANZ economists say.

Independent financial planners get a chance to promote their services for the benefit of readers.

Investment returns from the Cullen Fund and ACC have rescued the Crown's bottom line in the first three months of the fiscal year.

Recoveries in the investment performance of the ACC and New Zealand Superannuation Fund portfolios have helped offset a dramatic fall in the tax take over the past three months, says Treasury.

Jetstar warns it could have to push up fares if it is hit with New Zealand safety levies it says it already pays in Australia.

The Tax Working Group sees merit in extending the 30 per cent PIE regime to the taxation of other forms of investment income.