INDEPENDENT NEWS

Hone Harawira - Tax Rates: Budget Day

Published: Fri 25 May 2012 10:21 AM
Statement from Hone Harawira
24th May 2012
Tax Rates: Budget Day
“It’s well and truly time for this country to bridge the gap between the rich and the poor,” says MANA Leader Hone Harawira.
“On the day of the budget, as a country we should be entering into a debate about what the top tax rate for New Zealand should be and if we should introduce a tax free threshold. If we are serious about closing the income gap between the rich and the poor, then reforming the tax rates plays a major role”.
Top Income Tax Rate for some OECD countries
CountryRateNetherlands 52%UK 50%Australia 45%Germany 45%Ireland 41%France 40%Japan 40%USA 35%New Zealand 33%
Some OECD countries with tax-free thresholds: Australia, Austria, Finland, France, Germany, Sweden and Switzerland.
ENDS

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