Election year:
2023
Political party:
Te Pāti Māori
Associated politicians:
Policy:
Tax
- The new wealth tax will be: 0% Net wealth under $2million will not be taxed. 2% Tax rate for net wealth over $2million. 4% Tax rate for net wealth over $5million. 8% Tax rate for net wealth over $10million.
- Te Pāti Māori will bring the company tax rate back to 33%.
- Te Pāti Māori will introduce an Overseas Financial Transfer Tax, with the rate set at 2%.
- Te Pāti Māori will implement an Undeveloped Land Tax, which will be payable on all land that has not begun to be developed within four years of purchase.
- Te Pāti Māori will implement an unoccupied dwelling tax. Te Pāti Māori will invest $500 million into adequately resourcing the Serious Fraud Office and Inland Revenue to investigate and address tax evasion.
- Read more here