Taxpayer friendly

Taxpayer neutral

or unknown

Taxpayer hostile

Income tax rates

ACT Party: In the ACT Party’s Alternative Budget 2020, ACT stated that it supports cutting income tax by lowering the $48,000–$70,000 bracket rate from 30% to 17.5%. In its response to our survey, ACT stated that implementing a flat tax remains its long-term goal — its preceding policy proposed a 17.5% flat tax on income.

National Party:

In the National Party’s Short Term Personal Tax Cuts Policy, National stated it supports temporarily raising the threshold for the 17.5% rate from $14,000 to $20,000, the 30% rate from $48,000 to $64,000 and the 33% rate from $70,000. In effect, any given taxpayer would pay a lower average rate of income tax.

New Zealand First:

New Zealand First has not stated it supports increasing or decreasing income tax rates.

Labour Party:

Labour’s tax policy would introduce a new top personal income tax rates of 39% for income earned over $180,000.

Green Party:

The Green Party’s tax policy would introduce new income tax bands: 37% on income over $100,000 and 42% on income over $150,000.

Bracket indexation

 

ACT Party:
The ACT Party stated it supports indexing income tax rates to inflation in its response to our survey.

National Party:

In the National Party’s Economic and Fiscal Plan, National stated it supports adjusting the income tax thresholds every three years to keep them in line with inflation.

New Zealand First:
New Zealand First has not stated it supports indexing tax brackets to inflation.

Labour Party:
Labour has publicly criticised National’s policy to index tax brackets to inflation.

Green Party:
In its response to our survey, the Green Party stated it does not support the indexation of income tax brackets to inflation.

Goods and services tax

ACT Party:
The ACT Party stated it supports lowering goods and services tax from 15% to 10% for 12 months in its response to our survey.

National Party:
The National Party abandoned its policy to provide goods and services tax refunds of up to $100,000 to businesses able to show a revenue drop of over 50% over two successive months. National has not replaced this policy with any other proposed adjustment to the goods and services tax scheme.

New Zealand First:
In the New Zealand First Policy Manifesto 2020, NZ First stated it supports initiating a review into double-taxation of tax-like instruments — for example, goods and services tax paid on council rates.

Labour Party:
Labour’s tax policy does contain any changes to the GST regime, other than requiring foreign companies to collect GST on “low-value” goods sold into New Zealand.

Green Party:
In its response to our survey, the Green Party stated it does not support changes to the GST regime.

Petrol tax

ACT Party:
In its response to our survey, the ACT Party stated it supports replacing petrol excise tax with congestion charging. However, it did not confirm this would be a net saving for taxpayers.

National Party:
In the National Party’s Economic and Fiscal Plan, National stated it supports abolishing the regional fuel tax and opposes increasing fuel excise tax in its first term.

New Zealand First:
New Zealand First has not stated it supports any changes — net increases or decreases — to the petrol tax scheme.

Labour Party:
Labour increased fuel excise tax three times in its current term in Government. However, the party is now campaigning on a fuel tax freeze.

Green Party:
In its response to our survey, the Green Party stated it supports increasing the petrol excise tax rate.

Company tax

ACT Party:
The ACT Party stated it supports lowering company tax in its response to our survey.

​National Party:
The National Party has not stated it supports increasing or decreasing the company tax rate.

New Zealand First:
In the New Zealand First Policy Manifesto 2020, NZ First stated it supports “[exploring] the feasibility of introducing a lower business tax rate for exporters and import substitution manufacturers”. However, due to the dividend imputation process, this would have little effect. Additionally, the Manifesto includes some proposed levies that would negatively affect businesses.

Labour Party:
Labour’s tax policy does not mention any changes to company tax rates.

Green Party:
In its response to our survey, the Green Party stated it does not support changes to the company tax rate.

Climate taxes

ACT Party:

In its response to our survey, the ACT Party stated it supports replacing the Zero Carbon Act and the Emissions Trading Scheme with an alternative scheme that ties New Zealand’s carbon price to the prices paid by our top five trading partners. In practice, this would be a net saving for taxpayers.

​National Party:

The National Party has not stated it supports any changes — net increases or decreases — to the climate taxes scheme.

New Zealand First:
New Zealand First has not stated it supports any changes — net increases or decreases — to the climate taxes scheme.

Labour Party:
Labour may bring agriculture into the Emissions Trading Scheme after 2022, but says it will first give the sector an opportunity to present its own strategy to reduce emissions.

Green Party:
In its response to our survey, the Green Party stated it supports increasing the cost of emissions.

Wealth/asset taxes

ACT Party:
In its response to our survey, the ACT Party stated it opposes the implementation of a wealth or asset tax.

​National Party:
The National Party has publicly opposed the implementation of a wealth/asset tax.

New Zealand First:
New Zealand First has publicly opposed the implementation of a wealth/asset tax.

Labour Party:
Grant Robertson and Stuart Nash have both voiced opposition to a wealth tax.

Green Party:
The Green Party’s tax policy would introduce a new tax of 1% on an individual’s net wealth above $1 million and 2% on an individual’s net wealth over $2 million. This would include housing.

Capital gains tax

ACT Party:
In its response to our survey, the ACT Party stated it opposes the implementation of a capital gains tax.

​National Party:
The National Party has publicly opposed the implementation of a capital gains tax and stated it would repeal any capital gains tax implemented by a Labour-led Government.

New Zealand First:
In the New Zealand First Policy Manifesto 2020, NZ First stated it opposes a capital gains tax.

Labour Party:
Jacinda Ardern has stated a capital gains tax will not be implemented as long as she is Prime Minister.

Green Party:
In its response to our survey, the Green Party stated its policy is still to “support the implementation of a comprehensive capital gains tax.  This is not a priority policy for us at this election, we are instead running on the tax and transfer policy in the Poverty Action Plan.”

Alcohol tax

ACT Party:
In its response to our survey, the ACT Party stated it does not support any changes — net increases or decreases — to the alcohol excise tax scheme.

National Party:
The National Party has not stated it supports any changes — net increases or decreases — to the alcohol excise tax scheme.

New Zealand First:
New Zealand First has not stated it supports any changes — net increases or decreases — to the alcohol excise tax scheme.

Labour Party:
Labour has not stated it supports any changes — net increases or decreases — to the alcohol excise tax scheme.

Green Party:
The Green Party’s drug law reform policy states that alcohol taxes should be “progressively raised”.

Tobacco/vaping taxes

ACT Party:
In its response to our survey, the ACT Party stated it does not support any changes — net increases or decreases — to the tobacco excise tax scheme. It also stated it does not support implementing an excise tax on vaping products.

National Party:
The National Party has not stated it supports any changes — net increases or decreases — to the tobacco excise tax scheme. It has not stated whether it supports the implementation of an excise tax on vaping products.

New Zealand First:
New Zealand First has publicly proposed lowering tobacco excise so that the average pack of cigarettes is no more than $20. Its Policy Manifesto 2020 states that NZ First would “stop attacking the low-incomed with exorbitant taxes”. 

Labour Party:
Labour has not stated it supports any changes — net increases or decreases — to the tobacco excise tax scheme. It has not stated any plans to implement an excise tax on vaping products.

Green Party:
In its response to our survey, the Green Party stated while it does not support changes to the tobacco tax regime, it supports the implementation of an excise tax on vaping products.

Sugar tax

ACT Party:

In its response to our survey, the ACT Party stated it opposes the implementation of an excise tax on sugary products.

National Party:

The National Party has publicly stated it is not actively considering a sugar tax but is waiting to see the results of trials overseas.

New Zealand First:

New Zealand First has publicly stated it does not support a sugar tax but is open to reviewing its stance.

Labour Party:

Chris Hipkins has indicated opposition to a sugar tax.

Green Party:

In its response to our survey, the Green Party stated it policy is to “support investigating a levy on sugary drinks”.