The Labour Party will introduce a new income tax rate of 39 percent for New Zealand's top two percent of earners, if they're re-elected to Government.
Labour Party finance spokesperson Grant Robertson in Tauranga on 8 September, 2020. Photo: RNZ / Dom Thomas
The party's finance spokesperson, Grant Robertson, announced the policy this morning, saying the new rate would be taxed on earnings over $180,000.
Tax rates for companies and trusts would not change.
RNZ's Political Editor, Jane Patterson, shared the policy details.
