Around 30 cents in every dollar made in New Zealand goes on tax. We tax wages, company profits and every time something is bought or sold. But there are also lots of things we don’t tax.
Watch this video to find out more.
It's time to have your say on the future of tax.
Around 30 cents in every dollar made in New Zealand goes on tax.
It's paid on every dollar of wages, company profits and every time something is bought and sold in New Zealand.
People who make quick profits when they trade things like property or shares pay tax. And those who own land or property pay their local rates.
But what don't we tax?
We don't tax the money people make from most long-term investments – such as land, art or even fine wine.
We don't clip the ticket every time someone buys or sells a property.
We don't tax the income of charities, even if they own businesses.
And we don't tax the profits of overseas companies with no New Zealand base.
So are we taxing the right things? Should we tax some things more and other things less?
The Tax Working Group wants your thoughts on this important kaupapa. Have your say at taxworkinggroup.govt.nz.
Want to learn more about what we tax in New Zealand?
Check out chapter 4 - The current New Zealand tax system in Future of Tax: Submissions Background Paper.
Read Fact sheet: What we tax, what we don't
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