National says the Government needs to front up on whether it'll tax people more.

Inland Revenue research shows the top one percent of earners pay a median effective tax rate of 9.4 percent, when including capital gains on investments.

Meanwhile, Treasury estimates a comparable tax rate for a "middle wealth" Kiwi is roughly 20 percent.

National Party Finance Spokesperson Nicola Willis told Kate Hawkesby there's no doubt Labour want more taxes.

“This is a government that is spending $1 billion more every week, they can’t get the books to add up, they are desperately searching for more places to find money.”

LISTEN ABOVE

National says the Government needs to front up on whether it'll tax people more.
Inland Revenue research shows the top one percent of earners pay a median effective tax rate of 9.4 percent, when including capital gains on investments.
Meanwhile, Treasury estimates a comparable tax rate for a "middle wealth" Kiwi is roughly 20 percent.
National Party Finance Spokesperson Nicola Willis told Kate Hawkesby there's no doubt Labour want more taxes.
“This is a government that is spending $1 billion more every week, they can’t get the books to add up, they are desperately searching for more places to find money.”
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.