The tools exist to help families with surging costs – and as costs continue to rise it is more urgent than ever that we use them, the Green Party says.

The Government will constrain itself unnecessarily at Budget 2023 unless it changes the tax system to raise revenue from the wealthiest few which can be used to support people.

The Government should adopt an excess profits tax and use any revenue raised to help people make ends meet, following the rise in the Official Cash Rate today. 

The Green Party is once again calling on the Government to introduce an excess profits tax and use the money to support people, rather than relying on the good will of corporations. 

A drop in household income from rising bank interest rates further demonstrates the need for an excess profits tax, the Green Party says.

The Green Party has today put forward proposals to ensure large corporations profiteering from high inflation are taxed fairly and the money used to support people to make ends meet.

The high rate of inflation continues to show why we must design a fairer tax system that addresses inequality, the Green Party says. 

Evidence that shows Aotearoa has one of the worst tax systems in the world for reducing inequality needs urgent attention, the Green Party says. 

The Conservative Party in the UK has ditched its inflationary tax cuts, and the National Party should do the same. 

A new report out today provides all evidence the Government needs to start addressing runaway inequality and rebalance Aotearoa to work for everyone.