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Election 2020 - Party Policies - Tax - Income Tax

Election 2020 - Party Policies - Tax - Income Tax

Income Tax

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https://www.top.org.nz/universal_basic_income
The Opportunities Party (TOP) is proposing a fundamental overhaul of the tax and welfare systems in New Zealand to make them modern, simple and fair. This will be achieved by introducing a:
$13,000 annual universal basic income (UBI);
$2,080 annual child universal basic income (paid to parents);
Flat tax of 33% on all income from all sources for all entities; and
Risk free return method (RFRM) tax on assets.