Election policy comparison - tax: What the major political parties will do for you

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Interested in what the New Zealand political parties have in store with tax?

Here are just a few policies the parties have on how they would structure the economy in New Zealand.
Source: 1 NEWS

Here are the main policies on how the parties would address taxation issues in New Zealand:

New Zealand First:

"People promise everything and everything in desperation to get political power," the NZ First leader said.

Source: 1 NEWS

  • Drop company tax to 24 per cent
  • Reduce GST on food
  • Remove GST from rates on residential properties
Green:
Metiria Turei resigned yesterday shortly before a Newshub-Reid Research poll showed a collapse in Greens support.

Source: 1 NEWS

  • Increase existing border charges for International Visitors by $20
  • Make the $220 per week Parental Tax Credit available to all families exempt from paid parental leave
  • Charge for commercial use of water and introduce a capital gains tax (excluding family homes)
ACT:
The ACT Party leader says some people should have their rent, food and power bills paid straight to the likes of landlords and food providers.

Source: 1 NEWS

  • Drop all four tax rates, with the top two tax rates down to 25 per cent
  • Cut the company tax rate by abolishing corporate welfare
  • Scrap the 'charitable purpose' tax loophole

TOP:

The Opportunities Party leader said putting a new Labour leader in place does not constitute sound policy, and that his remark was not a personal attack.

Source: 1 NEWS

  • Slash the tax rates on salaries and wages and ask owners of assets to pay more
  • Introduce a charge for commercial water use
Maori Party: 

Marama Fox and Te Ururoa Flavell at the campaign launch.

Source: 1 NEWS

  • Remove GST from fresh vegetables, fruit and milk
  • Introduce a levy for international tourists which would go toward infrastructure
 
National:

The National Party Leader said he always planned to make the promise to lift 100,000 kids out of poverty.

Source: 1 NEWS

  • Increase the two lowest tax thresholds - reducing tax on the first $52,000 and under earned
  • Increase the Accommodation Supplement rates while lifting the Family Tax Credit
Labour:
Students turned out to see the Labour leader speak at Auckland University.

Jacinda Ardern.

Source: 1 NEWS

  • Implement a water-tax on commercial users
  • Introduce a $25 tourism levy for international visitors
  • Allow Auckland Council to cost a regional fuel tax
  • Reverse the 2018 tax cuts, scrap secondary tax and tax property speculators who sell houses within five years
Interested in education and immigration policies? 

Green Party leader James Shaw, NZ First leader Winston Peters, TOP leader Gareth Morgan, Labour leader Jacinda Ardern, National leader Bill English, ACT leader David Seymour, Maori Party leaders Te Ururoa Flavell and Marama Fox.

Green Party leader James Shaw, NZ First leader Winston Peters, TOP leader Gareth Morgan, Labour leader Jacinda Ardern, National leader Bill English, ACT leader David Seymour, Maori Party leaders Te Ururoa Flavell and Marama Fox.

Source: Getty

For more information (in alphabetical order), go to:

www.act.org.nz/category/policy
www.greens.org.nz/policy
www.labour.org.nz/announced_policies
www.maoriparty.org/policies
www.national.org.nz/policies
www.nzfirst.org.nz/policies
www.top.org.nz/policy

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