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...

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