ACT’s alternative Budget: two tax rates, super at 67

ACT’s alternative Budget: two tax rates, super at 67
Slipping in the polls, Act's David Seymour seeks attention with a 'real change' agenda. (Image: Getty)
Pattrick Smellie
The Act party has released an alternative budget, ahead of the government’s on May 19, proposing to introduce a two-rate personal income tax system that would ensure lower marginal tax rates for anyone earning under $48,000 a year than at present.The 20-page document also proposes a gradual rise in the age of eligibility to 67, would scrap tax changes intended to stop speculative housing investment, and share GST with councils that let houses get built.Among surprises in the package, which is more an opening bid for coalition negotiations...

More Economy

Spending up 3.7% in year, Westpac data says
Economy

Spending up 3.7% in year, Westpac data says

Westpac’s senior economist, Satish Ranchhod, says spending is "starting to pick up again" after the bank’s data showed a 3.7% annual rise in spending on Westpac-issued credit and debit cards. Westpac's Retail Spending Pulse, released on Friday, showed the upward shift was hel...

How NZICC could change Auckland's CBD
Economy

How NZICC could change Auckland's CBD

Developers are pouring billions into Auckland CBD's midtown area.

Dileepa Fonseka 13 Mar 2025
Gap between NZ and Aus bank interest margin grows
Economy

Gap between NZ and Aus bank interest margin grows

In New Zealand, 2024 net interest margins were flat at 2.34%.

Gregor Thompson 12 Mar 2025
School lunch provider Libelle Group tipped into liquidation
Retail

School lunch provider Libelle Group tipped into liquidation

It is contracted to deliver approximately 125,000 meals a day. 

Staff reporters 11 Mar 2025