Government moving ahead with new bank levy despite no-new-taxes pledge
The Government is pursuing a prudential levy on banks and Reserve Bank-regulated entities despite National's election promise of no new taxes.
The National Government is proceeding with plans to introduce a prudential levy targeting banks and other entities regulated by the Reserve Bank. This move appears to conflict with the party's election commitment to introduce no new taxes. Finance Minister Nicola Willis has explained the Government's position on the planned levy.
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NZ Herald
Election 2026: National promised ‘no new taxes’, so why is it still planning new bank levy for next year?
Nicola Willis has explained her party's position.
interest.co.nz
National has pledged no bank tax, but the Government's prudential levy is going ahead
Work towards the Government introducing a prudential levy, that will tax banks and other entities regulated by the Reserve Bank, continues