New Zealand First applauds changes to remove burden of secondary tax

Fletcher Tabuteau, Spokesperson for Revenue

New Zealand First has celebrated the introduction of legislation that will stop tax overpayments, through secondary tax. 

The Taxation (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matters) Bill, which has passed its third reading, will actively identify workers with more than one job and suggest a more appropriate withholding rate.

“For too long, the inefficiencies of secondary tax, have resulted in hefty tax deductions and large tax overpayments by hard working kiwis with multiple jobs,” says New Zealand First Spokesperson for Revenue, Fletcher Tabuteau.

“Most of these individuals are struggling to make ends meet and can’t afford to wait for a refund at the end of the year.

“New Zealand First has campaigned for many years to remove this problem in our tax system and is proud to be a part of the Coalition Government who has taken action. 

“This change will make the process easier and pretty much automatic, for those who have to work more than one job. We would like to thank the Minister of Revenue, Hon Stuart Nash, for his efforts on this legislation,” says Mr Tabuteau.

 

Fletcher.Tabuteau@parliament.govt.nz

 

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    commented on New Zealand First applauds changes to remove burden of secondary tax 2019-03-15 19:14:55 +1300
    Does this secondary tax change include people over 65 who are working and receiving the pension?
    commented on New Zealand First applauds changes to remove burden of secondary tax 2019-03-15 18:06:43 +1300
    That’s great, but what will the tax be ? So for argument sake say first tax is at 20% now and the secondary is at 40% right now .( Exaggerated examples )

    How will the new tax actually be worked out on two jobs ? Will it be at a lower rate than it would be as today’s secondary tax or will it be much much lower ?

    Working out on people’s jobs is not really the best way to do it
    as you can still stick the tax high

    What needs to happen is have fixed bands of tax rates for total income over all.

    So say x Amount of tax for $40,000 a year
    X amount of tax for $80,000 and highwr tax for anything over $100,000.