For people and planet
www.greens.org.nz
We are building a future where we do more, faster, to protect our planet and make sure everyone is treated equally.

Some interesting “Wealth Tax” ideas in there and proposed changes that would net an extra ~$5B (estimated).

  • Big corporations tax: The corporate tax rate will be increased from 28 percent to 33 percent for big companies with annual turnover exceeding $30 million. This will impact about 0.7 percent of businesses (e.g. banks, supermarkets and energy companies).

And new income tax rates:

Current

Income band Tax rate
0 - $15,600 10.5%
$15,601 - $53,500 17.5%
$53,501 - $78,100 30%
$78,101 - $180,000 33%
$180,001 and over 39%

Proposed

Income band Proposed rate
$0–$9,999 0%
$10,000–$19,999 10%
$20,000–$39,999 17.5%
$40,000–$59,999 25.5%
$60,000–$79,999 30.5%
$80,000–$159,999 33.5%
$160,000+ 45%
–
  • Hanrahan@slrpnk.netEnglish
    1·
    22 hours ago

    Corporate tax? Every $ they’re paying tax on could have been used to pay their employees better.

    sure and they still can and take it from profit, that lowers they’re profit and fence thief tax. Seems unlikely though