this post was submitted on 21 Jun 2026
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The Green Party’s tax plan (www.greens.org.nz)
submitted 4 days ago by BaconWrappedEnigma@lemmy.nz to c/politics@lemmy.nz
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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%

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[–] deadbeef79000@lemmy.nz 0 points 4 days ago (1 children)

Not really, if one can handle five tax brackets then one can handle seven.

If one has built or bought a shitty payroll tool, then that's one's problem and no one else's.

[–] absGeekNZ@lemmy.nz 1 points 3 days ago (1 children)

It isn't just the 7 tax brackets, that isn't that hard to deal with.

It is the complexity with valuing a bunch of stiff to calculate tax on.

The inheritance tax isn't a bad idea, we are an outlier internationally WRT to this.

[–] deadbeef79000@lemmy.nz 1 points 3 days ago

Ah, good point.

Though for the most part I suspect a flowchart from IRD is probably all most people would need.