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New Zealand First Party on Economy and Taxes

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The issues

New Zealand First Party strongly supports lowering company tax rates

New Zealand First wants to cut company tax, and “follow up the reduction in company taxation with the implementation of tax abatement and concession policies”.

New Zealand First Party strongly supports a tax-free zone at the bottom end of the income scale

New Zealand First will introduce a tax-free threshold on the first $5200 earned annually.

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

No policy on this matter.

New Zealand First Party opposes paying GST on food

New Zealand First has no policy regarding GST on food, but wants to “incrementally reduce GST to 10% over three years and review GST on rates”.

New Zealand First Party strongly supports amending the Reserve Bank Act to include growth and employment targets

New Zealand First will amend the Reserve Bank Act and make export, growth, and employment objectives part of the policy targets agreement.

New Zealand First Party opposes toll roads

New Zealand First will not allow our roads to be privatised. Government proposals for toll roads must be viewed as an option of last resort, not the solution to our roading infrastructure ills.