Without making housing supply the priority, the government’s tax-based policies create more objectives than they can reasonably achieve.
- Chair in Public Finance, Te Herenga Waka — Victoria University of Wellington
New Zealand’s 2020 “pandemic budget” should shift spending priorities towards a flexible and targeted approach to economic recovery.
At 33%, New Zealand’s highest income tax rate is relatively low compared to other economies. Lifting it and cutting tax for low-income earners could improve welfare.
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