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5 Jan 2026 14:15
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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.

    © 2026 Newstalk ZB, NZCity

     Other Maori News
     05 Jan: Te Pati Maori co-leader Rawiri Waititi is the highest-spending MP - in terms of Parliamentary Service funding
     26 Dec: The Greens say they're after every vote possible - which could include pinching support from potential partners Labour and Te Pati Maori
     23 Dec: Te Pati Maori's expressed dismay about a perceived lack of inclusion of Te Tiriti o Waitangi in a new trade deal with India
     12 Dec: Te Pati Maori is promising to restore Maori decision making rights when it comes to fresh water
     07 Dec: A reshuffle in Te Pati Maori is likely on the cards, with the party's AGM today
     02 Dec: Changing dynamics in our prisons - as Corrections works with more older Maori offenders
     29 Nov: Labour's leader is not shying away from a campaign in the Maori seats
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