Māori Party tax plan

The Māori Party have released their tax plan. Its aim appears to be to encourage as many New Zealanders as possible to leave NZ. It includes:

• Two new income tax rates of 42% and 48%
• An asset tax of up to 8% per annum
• Increase company tax rate to 28%
• A 2% financial transfer tax on overseas transfers
• A 33% tax on undeveloped land
• A 33% tax on rental houses without tenants

They claim this will allow everyone else yo pay no tax on their first $30,000 of income. The actual impact will be so many fewer people living in NZ, that the poor buggers remaining will face increased taxes.

It is worth noting that no poll has shown Labour can form a Government without the Māori Party. They will have to agree to at least some of their policies to form a Government.