Gareth Morgan says NZ's wealthiest 20% including Key would pay more under Opportunities Party tax policy

Fiona Rotherham
Wed, 07 Dec 2016

By Fiona Rotherham Dec. 7 (BusinessDesk) - Prime Minister John Key would pay an estimated extra $150,000 in tax a year on his Auckland home under a new tax on equity policy released by wealthy economist Gareth Morgan’s new Opportunities Party. In a media conference staged opposite Key's Parnell mansion, Morgan said his own asset portfolio would incur an extra $350,000 tax a year under the flagship policy aimed at making the revenue system fairer. The tax policy, first proposed in a Morgan Foundation report on tax released in April, pro...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

MARKET CLOSE: Pushpay leads stock market higher
Dan Brunskill | Wed, 23 Sep 2020

Pushpay led the stock market higher on an analyst upgrade and as tech stocks on Wall Street rebounded following extended selling.

Moa to open Azabu in iconic Mission Bay spot
Victoria Young | Wed, 23 Sep 2020

The company is bullish about a return for hospitality having recently received investment from wealthy agricultural family the Cushings, and Big Chill’s Colin Neal.  

Two-month delay in Tui decommissioning
Gavin Evans | Wed, 23 Sep 2020

The government has lost up to two months in its efforts to get an undersea inspection of the Tui oil field underway in preparation for decommissioning.In July, the Ministry of Business, Innovation and Employment sought bids from firms interested in inspecting and testing the fiel...

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.