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

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

New Zealand First:

• 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

TOP:

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

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

• 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

• 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