New Zealand workers are paying the second-lightest level of income tax in the OECD, data shows, and those who receive Working for Families are getting the best deal of all. OECD statistics show that in 2019, an average worker in New Zealand had the second-smallest “tax wedge” of all the OECD countries. Stuff Effective income tax rates in New Zealand and Australia, and with the new proposed top tax rate. The reintroduction of a 39 per cent tax rate, at $180,000 this time instead of $100,000 would be a tradeoff, she said. But while New Zealand tax rates look light on paper, they are effective.

Source: Stuff September 09, 2020 17:01 UTC