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Jenee Tibshraeny: Nicola Willis unveils plan to exempt some trusts from tax rates

Author
Newstalk ZB,
Publish Date
Wed, 28 Feb 2024, 7:39PM
Photo / Marty Melville
Photo / Marty Melville

Jenee Tibshraeny: Nicola Willis unveils plan to exempt some trusts from tax rates

Author
Newstalk ZB,
Publish Date
Wed, 28 Feb 2024, 7:39PM

Finance Minister Nicola Willis wants to exempt some trusts from paying the new 39 percent trustee tax rate.

She hinted the Government planned to modify the bill aimed at lifting the trustee tax rate from 33 percent to 39 percent from April 1.

NZ Herald Wellington business editor Jenee Tibshraeny explains how Nicola Willis plans to determine these exemptions.

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