Wednesday, 30 September 2020 13:59

Wealth tax

Written by  Milking It

OPINION: So will NZ end up with a wealth tax?

The Greens says its wealth tax policy is a “bottom line” for a Labour-Greens Government.  

The party plans to make Kiwis with a net worth greater than $1 million pay one percent of their wealth to the Government as a tax. Those worth more than $2m would pay out 2% of their wealth as tax.

Some have questioned whether the Greens, who have ruled out working with National, actually have any leverage to demand a “bottom line”. 

Still, the prospect of a wealth tax could spook the middle classes and it has drawn heavy criticism from the centre right parties, making it a potential election headache for Labour.

Will Jacinda Ardern rule out a wealth tax like she did for a capital gains tax when it became a political hot potato last year?

Featured

Editorial: Sensible move

OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.

National

Machinery & Products

» Latest Print Issues Online

Milking It

Cuddling cows

OPINION: Years of floods and low food prices have driven a dairy farm in England's northeast to stop milking its…

Bikinis in cowshed

OPINION: An animal activist organisation is calling for an investigation into the use of dairy cows in sexuallly explicit content…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter