Possible Tax Rate Changes in New Zealand
Labour’s Probable Tax Plan after winning election:
- No income tax changes for 98% of Kiwis.
- On personal income earned over $180,000 a new top tax rate of 39% will apply – this change affects 2% of earners
- Extra revenue raised will be used to protect health and education, control debt, and support the recovery plan
- No new taxes, or further increases to income tax next term
Source : https://www.labour.org.nz/tax
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