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Tax expert reacts to National's tax policy announcement

Author
Newstalk ZB,
Publish Date
Wed, 30 Aug 2023, 11:55am
Photo / NZ Herald
Photo / NZ Herald

Tax expert reacts to National's tax policy announcement

Author
Newstalk ZB,
Publish Date
Wed, 30 Aug 2023, 11:55am

National has unveiled their much-anticipated tax policy. 

From July next year, it would shift income tax brackets for inflation and expand tax credits - giving an average family with kids a maximum $250 fortnightly bump. 

To pay for it - National would slash back-office spending in the public service, roll out a 15 percent foreign buyer tax on multi-million dollar homes - and end the tax break on commercial building depreciation. 

Dentons Kensington Swan Partner and tax expert, Bruce Bernacchi joined John MacDonald to discuss.

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