WELLINGTON (Reuters) - Jacinda Ardern's ruling Labour Party said it would raise taxes for top income earners if it is returned to power in the polls next month, as the government looks to pay off debt accumulated due to its COVID-19 pandemic response.
Ardern's Labour Party, comfortably ahead in the election contest according to opinion polls, said it plans a new higher tax rate of 39% for people earning over NZ$180,000 (91,936.75 pounds), which would only affect 2% of New Zealanders.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!