N@N

Tax changes dominate finance election roadshow

The article from Yahoo News discusses how tax changes are a central issue in the upcoming New Zealand election, with the National Party promising tax cuts and the Labour Party proposing a wealth tax on the rich. National's plan includes tax relief for middle-income earners, while Labour aims to fund public services through taxing wealth, including a 1% tax on net wealth over $1 million and a 1.5% tax on wealth over $2 million. Both parties' tax policies have sparked debate, with National arguing that Labour's wealth tax would drive wealthy individuals away, and Labour countering that National's tax cuts would disproportionately benefit the rich and exacerbate inequality. The article also mentions that other parties, like the Greens, support Labour's wealth tax, while ACT opposes it, advocating for a flat tax rate instead.

Read the Full BBC Article at:
[ https://www.yahoo.com/news/tax-changes-dominate-finance-election-143909970.html ]