election tagged posts
November 25, 2011 New Zealand Taxation
The Alliance Party is attempting to woo New Zealand voters, with a promise of tax reforms and greater equality.
With only days to go to the national General Election the Alliance Party is pushing for voter support with a radical overhaul to the country’s taxation system, saying that its planned changes would create higher living standards in New Zealand.
The Alliance Party proposes an overhaul to the treatment personal income taxes. Under the party’s rules all incomes below NZD 10 000 would be exempt from personal income taxes, with the rules even applying to those receiving superannuation payments and the benefit. Incomes between NZD 10 001 and NZD 48 000 would be levied with a rate of 17.5 percent, while those between NZD 48 001 and 70 000 would see a tax of 30 percent...Read More