Nats announce tax policy

Nats announce tax policy
National's leader, Christopher Luxon. (Image: Pattrick Smellie/BD)
Staff reporters
National party leader Christopher Luxon and finance spokeswoman Nicola Willis say their tax policy will deliver $14.6 billion of tax cuts – higher than expected.The plan is paid for by about $8.4b of cuts and $6.2b of revenue increases, including taxing foreign buyers – after National ends the foreign buyers ban for some homes, online gambling, and raising visa charges.Luxon said the plan would target the “squeezed middle” by lifting income tax brackets to compensate for inflation. The party has called it a “Back P...

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