New Zealand Green Party proposes new tax on high earners and corporations

The Green Party of Aotearoa New Zealand has introduced a bold tax policy for the 2026 election, titled 'A tax system for all of us.'

Aiming to combat wealth inequality and the rising cost of living, the proposal suggests increasing taxes on the wealthiest individuals and large corporations.

This policy is expected to generate over $5 billion annually to fund public services like healthcare and education.

While the Greens view this as a path to a more equitable society, the plan faces stiff opposition.

Government leaders have labeled it a 'wrecking ball' to the economy, warning that such measures could lead to capital flight.