Source: Green Party
The Green Party has announced their 2026 tax policy ‘a tax system for all of us’ today.
Green Party Co-leader Chlöe Swarbrick says, “All New Zealanders deserve the opportunity to thrive. Today we are proud to announce a tax policy that will tackle inequality and corporate greed to rebuild our country and put more money in the pockets of 96% of New Zealanders.”
“People aren’t dumb. They know that while their cost of living has gone through the roof, corporate profits have skyrocketed and the wealthiest 150 rich listers now own more than half of the country. The big rip-off ends here.”
“Current tax settings allow multi-millionaires to pay only $9 in tax out of every $100 they make, while a teacher pays $22 in tax out of every $100 they earn. This grossly unfair, and it’s robbing us all of the investment needed in our communities, schools, hospitals, and infrastructure.
“Right now, Facebook, Google, Amazon and other multinational corporations are being allowed to make billions out of New Zealanders and pay next to nothing in tax for it, while small, local businesses are chased by the IRD into liquidation. That’s not right, and the Green Party will fix it,” Swarbrick says.
Green Party Co-leader Marama Davidson says, “If everyone contributes fairly, Aotearoa has more than enough for everyone to receive good healthcare, pursue education and training, feed their children, and pay their power bill. Instead, homelessness, unemployment, and poverty are increasing – while banks, the supermarket duopoly, power companies, and big tech make massive profits.”
“New Zealand’s economy is the largest it’s ever been, with record profits being made by some. Yet the cost of living is through the roof for ordinary people, and our hospitals, schools, public transport, and environment are all starved of funding.”
“These are critical social services that all New Zealanders need, including the super-rich.”
“Essential services like healthcare, education, and infrastructure could be funded if the super-rich and mega-corporates like the supermarkets duopoly, banks, and power companies contribute fairly to the society they profit from,” says Davidson.
The Green Party’s tax policy will:
Address inequality
- Introduce a 2.5 percent tax on the net assets of the super-rich above $10 million. There will be an exemption for family homes.
- Implement a Capital Acquisitions Tax on assets and gifts received worth over $1 million, with family farms and family homes exempted.
Tackle corporate greed
- Return the corporate tax rate to 33 percent for the 0.7 percent biggest corporations, like the supermarket duopoly, energy companies, and banks.
- Keep the corporate tax rate at 28 percent for small and medium enterprises, levelling the playing field for local businesses.
- Introduce a Bank Levy of 0.06 percent on the liabilities of the four big banks, like Australia has.
- Make big tech companies pay their fair share by enforcing the 5 percent withholding tax rate on the profits they send offshore.
- Reverse Luxon’s landlord tax cuts and the changes to the brightline test.
Create fair income tax rates for people earning wages or salaries
- Create a new tax-free threshold of $10,000, giving 96 percent of New Zealanders a tax cut.
- Create a new tax rate for income over $160,000.
‘A tax system for all of us’ will increase net revenue by $5.35 billion in 2027/28, rising to $5.94 billion by 2030/31.
For more info, visit A tax system for all – Green Party of Aotearoa New Zealand.
Original source: https://nz.mil-osi.com/2026/06/21/greens-commit-to-tax-the-super-rich-and-large-corporates-fairly-cut-income-tax-for-96/