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Maori Party on Economy and Taxes

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The issues

Maori Party supports lowering company tax rates

The Maori Party’s company tax policy focuses on small business. A spokesperson says, “The party wants small businesses to thrive and create employment. We will incentivise them to grow by reducing unnecessary compliance costs and by providing a 5% tax reduction for those with a net income (after wages and salaries) of $100,000 or less”.

Maori Party strongly supports a tax-free zone at the bottom end of the income scale

The Maori Party advocates for a tax exemption for those earning $25,000 or less per year.

Maori Party I support of oppose the $700m Fast Forward Fund to fund research in the food and pastoral sector

The Maori Party “supports research that increases land use sustainability. However, such research needs to be conducted in conjunction with mana whenua (local hapü and iwi)”.

Maori Party strongly opposes paying GST on food

The Maori Party is advocating for GST to be removed from food - “as is already done in England, Ireland and Australia - on the grounds that GST hits low-income people disproportionately”, a spokesperson says. “Desperate times call for bold responses – and that is what the public is wanting – not policy cowardice”, said co-leader Tariana Turia in April this year, speaking out in favour of the policy.

Maori Party strongly supports amending the Reserve Bank Act to include growth and employment targets

The Maori Party supports amending the Reserve Bank Act to widen the current restrictive focus on inflation. A spokesperson says, “Policies to control inflation need to be considered in relation to other key economic measures such as unemployment and income levels, with growth measured using a Genuine Progress Index, which takes into account environmental, social and cultural indicators”.

Maori Party strongly opposes toll roads

The Maori Party does not support the introduction of road tolls. “Roading and transport funding needs to target roading maintenance and further developing alternatives to private vehicles,” a spokesperson says.