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Luxon vows 'no new taxes', dumping ideas for bank and bed tax

J
Justin Hu
Luxon vows 'no new taxes', dumping ideas for bank and bed tax
AI Summary

New Zealand National Party leader Christopher Luxon has pledged 'no new taxes,' specifically ruling out proposed bank and accommodation levies. The move has drawn criticism from local mayors who were relying on the revenue for regional infrastructure.

Why it matters

This policy shift highlights the tension between national fiscal austerity and regional funding needs in New Zealand politics.

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<p>National has dumped two taxes it had been actively considering, with party leader Christopher Luxon ruling out both an accommodation levy and a bank tax as part of what he calls a new "no new taxes" election pledge.</p> <p>National had previously committed only to "no new taxes on working people".</p> <p>"This is about no new taxes, and I can't be clearer," Luxon said.</p> <p>"Tax is a defining theme for this election, and the choice for Kiwis is clear. It's either a National government promising no new taxes, or a Labour and its prospective coalition proposing at least nine new taxes."</p> <p>The accommodation levy would have put a charge on hotel and Airbnb stays, with revenue expected to help fund events and tourism infrastructure. </p> <p>The so-called bed tax has been heavily promoted by Auckland Mayor Wayne Brown and in Queenstown.

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