Covisory Commentary - Tax Policy

"The Labour Party announced today their policy to tax income over $180,000 at 39% (currently 33%).

Their policy does not include any further increases to tax or new taxes.

Notably, the corporate tax rate (28%) and trust tax rate (33%) will remain the same. Stuart Nash, their Revenue Spokesman, advised that they believe Inland Revenue had sufficient resources to monitor and control illegitimate income splitting."

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