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12 Dec 2025 11:25
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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
     07 Dec: A reshuffle in Te Pati Maori is likely on the cards, with the party's AGM today
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     29 Nov: Labour's leader is not shying away from a campaign in the Maori seats
     27 Nov: Maori face harsher sentences than NZ Europeans for similar drink-driving offences – with lasting consequences
     19 Nov: Activist and former MP Hone Harawira says two MPs ousted from Te Pati Maori should be re-instated
     18 Nov: Nearly one in five living in New Zealand, identify as Maori
     06 Nov: Debbie Ngarewa-Packer says Te Pati Maori backs its decisions
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