TAX
Tax Policy Executive Summary
"Ehara taku toa i te toa takitahi engari he toa takitini"
We have a broken tax system in this country which has fuelled extreme wealth inequality that is only getting worse.
The richest 10% own 50% of the wealth in this country, while the poorest half of the country own just 2%.
Ordinary people are subsidising the lavish lifestyles of the rich. While the average person in Aotearoa is paying 20.2% in tax, the wealthy are only paying 9.4%.
We must shift the tax burden from the poor to the wealthy. It is time to eliminate poverty and restore fairness and economic justice in Aotearoa.
Te Pāti Māori will remove: GST from all kai. Income tax for whānau on low
incomes.
Te Pāti Māori will increase: Take home pay for 98% of whānau. Income tax on those earning more than $200,000. The Company Tax Rate from 28% to 33%.
Te Pāti Māori will introduce: Wealth Tax. Foreign Companies Tax.
Land Banking Tax. Vacant House Tax.