Nats announce tax policy

National's leader, Christopher Luxon. (Image: Pattrick Smellie/BD)

Wed, 30 Aug 2023

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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