Te Pāti Māori unveils tax plan with 48% top rate and five new taxes
Te Pāti Māori has launched a 'Kiwi Tax Plan' featuring a 48% income tax rate, five new taxes, and a kai credit, claiming 97% of New Zealanders would pay less tax.
Te Pāti Māori has unveiled a comprehensive tax policy ahead of the election, centred on restructuring income tax with the first $30,000 tax-free and a top rate of 48%. The plan includes five new taxes: a 5% stamp duty on residential property, a wealth tax, an international profit transfer tax, and land-banking and vacant house taxes. The party proposes a new 'kai credit' for people earning $60,000 or less, worth around $1,000 per person annually. Te Pāti Māori says the full package would raise $20 billion in revenue and leave a $4 billion surplus, though the plan contains limited detail on implementation and the party has positioned it as a bottom line for coalition negotiations.
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What outlets are saying
Stuff
Te Pāti Māori proposes 48% income tax rate, tax credit for kai
The policy also proposes a wealth tax, increased company tax rate, land banking tax, vacant house tax and stamp duty.
NZ Herald
Election 2026: Te Pāti Māori promises five new taxes, income rate shake-up, little detail on ‘Kai Credit’
The Te Pāti Māori plan contains no costs or details on what revenue will be generated.
1News
Te Pāti Māori launches new tax policy, says most would pay less
Dubbed the "Kiwi Tax Plan", the party said it was about fairness.
Newstalk ZB
Election 2026: Te Pāti Māori promises five new taxes, income rate shake-up, little detail on ‘Kai Credit’
Te Pāti Māori wants to impose five new taxes on New Zealanders if in power after the election, including a wealth tax, an international profit transfer tax, and a land banking tax.
Otago Daily Times
Te Pāti Māori unveils 'Kiwi tax plan' with new 5% ‘stamp duty’
interest.co.nz
Te Pāti Māori unveils tax policy targeting vacant homes, tax avoidance practices and wealthiest 3%
‘That’s what a fair economy looks like’: Te Pāti Māori launches election year tax policy, saying 97% of people would pay less income tax while the wealthiest 3% would contribute more
The Spinoff
Te Pāti Māori’s tax plan: $30k tax-free, a new stamp duty, and a ‘kai credit’
Te Pāti Māori has unveiled an ambitious tax policy, claiming it would lower the income tax of 97% of New Zealanders , writes Henry Oliver in today’s excerpt from The Bulletin. To receive The Bulletin in full each weekday, sign…