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:
- Drop company tax to 24 per cent
- Reduce GST on food
- Remove GST from rates on residential properties
- 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)
- 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
- Slash the tax rates on salaries and wages and ask owners of assets to pay more
- Introduce a charge for commercial water use
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
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
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
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