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31 Oct 2025 11:50
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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.

    © 2025 Newstalk ZB, NZCity

     Other Maori News
     29 Oct: Former Te Pati Maori staffer Eru Kapa-Kingi, son of Te Pati Maori MP Mariameno Kapa-Kingi, says he is engaging legal counsel over what he claims is "false korero" impacting his family
     20 Oct: Toitu te Tiriti activist Eru Kapa-Kingi has doubled down on claiming Te Pati Maori has dictatorship-style decision making
     15 Oct: Te Pati Maori MPs don't appear united, about an email sent to members, containing serious allegations
     14 Oct: Documents released by Te Pati Maori accuse former party vice president Eru Kapa-Kingi of making "threats of physical violence"
     07 Oct: A Christchurch Maori immersion school is finally getting a new home, after a 16-year battle with the Ministry of Education over leaky classrooms
     05 Oct: Fisheries New Zealand is stepping in with new bylaws to protect nine West Coast areas, exclusive to local Maori
     01 Oct: ACT says Auckland University should pay back thousands of students - who did compulsory Treaty of Waitangi and Te Ao Maori courses
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