Labour to tax rich more to help fund Covid-19 recovery
Finance Minister says new top tax rate would affect only 2% of taxpayers.
Brent Edwards
Wed, 09 Sep 2020
Hot Topic
Hawke’s Bay
The Labour Party is proposing introducing a new top tax rate of 39% on income over $180,000.
It is a return to the tax policy of the previous Labour-led government, which introduced a top marginal tax rate of 39% in April 2000, although it cut in at a lower income threshold. That rate was then
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Brent Edwards
Wed, 09 Sep 2020
Contact the Writer: brent@nbr.co.nz
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Labour to tax rich more to help fund Covid-19 recovery
Politics,
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