The Green Party summarised moves in tax are:• 2.5% Wealth Tax on assets worth more than $4million (minus debt) for couple and $2 million (minus debt) for individuals. Indeed for the most part we are both so foreign owned and so spatially bound that capital flight is a lessened risk. Well the answer to capital flight risk is not really corporations. It happened when France introduced a wealth tax in 1989. 99% of us under Green and Maori Party tax proposals will be fine.


Source:   New Zealand Herald
July 30, 2023 09:42 UTC