ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Tax Advisor: Green's tax policy "incentivises" not working

Author
Newstalk ZB,
Publish Date
Mon, 12 Jun 2023, 7:55am
Photo / 123RF
Photo / 123RF

Tax Advisor: Green's tax policy "incentivises" not working

Author
Newstalk ZB,
Publish Date
Mon, 12 Jun 2023, 7:55am

The Green Party's eyeing sweeping changes to our tax system... but not all financial experts are onboard.

It's promising a 2.5% wealth tax, targeting assets worth two-million-dollars, or four-million for couples.

The party would remove taxes for earners below 120-thousand-dollars, while lifting the top tax rate to 45%, and corporate taxes to 33%.

Oliver Shaw Tax Advisory Director, Mike Shaw told Mike Hosking that he's not a fan of the tax-free threshold.

He says it results in steeper tax rates above the threshold, making people pay more and incentivising people not to work.

LISTEN ABOVE

Take your Radio, Podcasts and Music with you