National is adjusting its tax plans, heading into next year's election.

The party is reviewing its policies following the Reserve Bank's unprecedented OCR hike yesterday and its warning of a pending recession.

Finance Spokesperson Nicola Willis says plans to cut the top tax rate may no longer be affordable.

But she told Mike Hosking National still wants to index tax thresholds to inflation, and other parts of the tax policy remain on the table.

Willis says National will continue to focus on tax reduction for the squeezed middle class.

LISTEN ABOVE

National is adjusting its tax plans, heading into next year's election.
The party is reviewing its policies following the Reserve Bank's unprecedented OCR hike yesterday and its warning of a pending recession.
Finance Spokesperson Nicola Willis says plans to cut the top tax rate may no longer be affordable.
But she told Mike Hosking National still wants to index tax thresholds to inflation, and other parts of the tax policy remain on the table.
Willis says National will continue to focus on tax reduction for the squeezed middle class.
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.