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13 May 2024 14:04
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  •   Home > News > Maori

    Te Pati Maori's plans to garner more tax from the wealthy could risk having the opposite effect

    Te Pati Maori's plans to garner more tax from the wealthy could risk having the opposite effect


    The party's pitching a wealth tax regime, ranging from two percent on net wealth over two-million-dollars to eight percent on wealth over 10-million.

    It's also campaigning on a new foreign companies tax, and levies for land-bankers and investors keeping their properties empty.

    Findex's tax managing partner, Jarod Chisholm , says there'll be an impact from picking on the wealthy.

    He says they're the people best placed to move countries and will ultimately leave, which will drain tax because they're already paying the majority of it.

    © 2024 Newstalk ZB, NZCity

     Other Maori News
     09 May: A stark reminder bowel cancer isn't just associated with old age
     08 May: A King's Council who complained about tikanga Maori being made compulsory in law studies, is hopeful a Government committee listens to his concerns
     05 May: Award-winning Maori musician Ria Hall has announced she's running for the Tauranga mayoralty
     03 May: More adult Kiwis are receiving ADHD medicine than ever before
     26 Apr: A belief now is not the time to cut specialist Maori roles - when rangatahi and tamariki make up 69 percent of children in state care
     11 Apr: Call from the Public Health Communication Centre for urgent steps to boost maternal immunisation - particularly for Maori and Pasifika
     27 Mar: A Waitangi Tribunal report shows multiple Crown Treaty breaches - in denying Maori access to their land near Foxton
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