Prime Minister Chris Hipkins pledged to increase benefits for low-income families. Read more at straitstimes.com.
WELLINGTON - New Zealand’s ruling Labour Party said it will exempt fruit and vegetables from the Goods and Services Tax if it winsUnveiling the party’s tax policy on Sunday in Wellington, Prime Minister Chris Hipkins pledged to increase benefits for low-income families. He said that the benefits would deliver an average of NZ$47 a week to 175,000 households when fully implemented in 2026.
Tax is shaping as a key battleground issue for the Oct 14 election. The main opposition, National Party, which is currently ahead of Labour in opinion polls, is promising tax cuts. Food-price inflation peaked at 12.5 per cent in April, when fruit and vegetable prices surged an annual 22.5 per cent. The party also promised to raise the abatement threshold in its “Working for Families” assistance program to NZ$50,000 by April 2026, so that working families keep more when their income increases.
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