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Labour's plan for tax: Your questions answered

We believe every New Zealander deserves the chance to make an informed decision on Election Day. We’ve answered some of the most common questions on our 2020 tax policy, including how much money will be raised from our new top tax rate, and how this will be used to control debt and help our economic recovery from the impacts of COVID-19.

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How does tax work?

All this tax talk leaving you a bit dazed and confused? Read below to find out more about our progressive tax system and what Labour's policy means for you.

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Grant Robertson: A balanced plan for managing debt

The world is facing its most challenging battle in generations with an insidious and new virus as the enemy.

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Debt: What's Labour's plan?

We’re committed to managing the Government’s books responsibly and keeping debt under control while supporting our people and our economy through the 1-in-100 year shock caused by COVID-19. 

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Tax: What's Labour's plan?

For 98% of New Zealanders, there will be no changes to income tax.

Earn less than $180,000? No changes to your income tax.

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5 ways Labour's SME policy will help small businesses

Are you the owner of a small business? We’ve got one simple message for you: we’ve got your back. 

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Labour will make Matariki a public holiday

As New Zealanders we are proud of who we are, what we stand for, and the way we weave together different worlds and cultures to create our unique national identity.

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Wage subsidy extension

Government has decided in-principle to extend the wage subsidy scheme. We have also agreed in-principle to extend the mortgage deferral scheme, and to modify the COVID-19 Sick Leave Scheme to make it more accessible. Details will be finalised over the weekend and announced on Monday.

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COVID-19: Extension of Auckland Level 3, rest of NZ Level 2 to 26 August

The Auckland region will remain at Alert Level 3, and the rest of New Zealand will remain at Alert Level 2, until 11.59pm Wednesday 26 August.

Cabinet will meet again on the 21st of August to reassess these alert levels. 

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