What are the Greens' tax plans - and who would have to pay?
The New Zealand Green Party has proposed a series of tax reforms, including a wealth tax on net assets over $10 million and increased corporate taxes. The policy aims to fund income tax cuts for 96% of the population while increasing the tax burden on the ultra-wealthy.
Why it matters
Tax policy debates are central to economic platforms and influence voter sentiment regarding wealth inequality and fiscal management.
<p>National has called it "economic lunacy". ACT compared it to the Hunger Games. But the Greens say their tax policy will "rebuild our country". </p> <p>The Greens have <a href="https://www.1news.co.nz/2026/06/21/greens-propose-wealth-inheritance-taxes-to-fund-income-tax-changes/" target="_blank">proposed a flurry of new taxes and changes to existing ones</a> ahead of the election, including a tax on net assets for the ultra-wealthy, an inheritance tax, and increased corporate taxes. </p> <p>It claims they would <a href="https://www.1news.co.nz/2026/09/27/greens-national-deal-a-conversation-but-gap-wide-davidson/" target="_blank">address inequality</a> and cut taxes for 96% of New Zealanders. </p> <p>So what's actually being proposed? And who will have to pay? </p> <h2>How will it affect my income? </h2> <p>The Greens claim its policy would give 96% of Kiwis an income tax cut. </p> <p>The party wants to change income tax thresholds – dropping them for those making between $10,000 and $160,000 a year. It also promises to make the first $10,000 earned tax-free.
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