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Intro
The Vision
A warm, safe home, affordable food and power, well-resourced schools, quality health care when you need it. A thriving environment that underpins it all. These are the building blocks of a healthy society.
That's not a radical idea. It's just a fair one. And it's entirely within reach.
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Why this matters
Our economy is the largest it’s ever been.
There is more than enough in Aotearoa for everyone to live a good life. But right now, it doesn’t feel that way. Critical social services are failing. The cost of the basics are through the roof – and so are the profits of the largest supermarkets, power companies, and banks.
Giant corporates and the super-rich are making record margins while avoiding contributing their fair share of tax to the society they profit from. That means our country is being starved of the things we all need – GPs and hospitals, schools and teaching resources, roads and public transport.
The problem isn’t the size of the economy, it’s the rules.
The Wealth Gap
6 days
for top 1% to earn what a regular kiwi makes in a year
11.5m
Median net worth of a top 1% household
185k
Median net worth of a typical kiwi household that rents
35 y
for a typical renter/worker earning 70k a year to save 1 million while paying bills
Our Solution
A tax system for all of us
Green Party’s tax plan will address inequality, tackle corporate greed, and tax income fairly. It will tax the super-rich and mega-corporations, help fund critical social services, and cut income tax for 96% — chances are that’s you.
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Addressing inequality
A small tax on the super wealthy
Introduce a 2.5 percent tax on the net assets of the super-rich above $10 million. There will be an exemption for family homes.
A tax on very large gifts or inheritances
Implement a Capital Acquisitions Tax on assets and gifts received worth over $1 million, with family farms and family homes exempted.
Tackle corporate greed
Asking big corporations to pay their fair share
Return the corporate tax rate to 33 percent for the 0.7 percent biggest corporations, like the supermarket duopoly, energy companies, and banks.
Making big tech pay their fair share
Make big tech companies pay their fair share by enforcing the 5 percent withholding tax rate on the profits they send offshore.
A small levy on the banks
Introduce a Bank Levy of 0.06 percent on the liabilities of the four big banks, like Australia has.
Reverse landlord tax cuts and changes to the bright-line test
Reverse Luxon’s landlord tax cuts and the changes to the brightline test.
Create fairer income taxes
A new tax-free exemption for the first $10k
Create a new tax-free threshold of $10,000, giving 96 percent of New Zealanders a tax cut.
A small tax increase for those earning $160k+
Create a new, higher tax rate for income over $160,000.
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