Bridges pledges tax indexation to protect incomes

Wed, 30 Jan 2019

By Gavin Evans Jan. 30 (BusinessDesk) - National leader Simon Bridges is pledging to index tax thresholds to inflation to prevent wage and salary earners being pushed into ever higher tax brackets. He told an audience in Christchurch today that, if elected in 2020, a National government would amend the Income Tax Act so that tax brackets would be adjusted three-yearly in line with the cost of living. Bridges said that would prevent New Zealanders from moving into higher tax brackets even when their income isn’t keeping up with the risi...

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