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15 April 2026 – Tax Justice Aotearoa (TJA) has today released its Tax Policy Statement setting out a mix of proposals that together could rebalance our tax system so that it delivers for ordinary New Zealanders.
“Our policy statement shows that a tax system that works for everyone in Aotearoa New Zealand is possible,” says TJA spokesperson, Glenn Barclay.
“It is not a policy prescription, but sets a clear direction. We're keen to have the conversation with Aotearoa about how we gather the revenue we need to address the challenges we face – like increasing inequality and an ageing population; and gather that revenue more fairly – ensuring that those who have most to contribute make that contribution and addressing the impact of tax on the least well off.”
“But as successive polls have shown, there is solid support for tax reform and properly funding our public services, New Zealanders realise maintaining the status quo is not an option,” says Barclay.
“NZ is a low tax country compared to many other developed nations, and we're not gathering enough revenue to fund the things that matter for us to live good lives, like fully staffed hospitals and affordable housing, resilient infrastructure and nutritious school lunches.”
“We rely very heavily on income tax and GST, so working people are carrying more of the load of funding our public services. And our failure to properly tax wealth and big corporates directly contributes to increasing inequality, erodes living standards and opportunities for ordinary people, like working towards owning your own home,” says Barclay.
“As we confront yet another crisis, TJA is calling on the Government, and all political parties, to catch up with public sentiment, and to stop offering bandaids like tax cuts. It's time to embrace real solutions that will ensure we're gathering enough revenue to fund the things that matter, gathering it more fairly, and laying the foundation for a recovery that supports everyone in Aotearoa to have a better future,” says Barclay.
TJA's Tax Policy Statement sets out practical changes we can make to our tax system to catch-up with other developed countries' investment in public goods, services and infrastructure, to tackle inequality and to support a more productive and resilient economy. The proposed changes would close the gaps in tax on big corporates and ensure the wealthiest are paying their fair share, and include:
Tax surcharge on big corporates, for example a levy on major banks (as in the UK and Australia), a surcharge on sectors managing vital infrastructure or where there is a lack of competition, like supermarkets and gentailers.
Excess/windfall profits taxes, for example, on big corporates to discourage price gouging and excessive profits arising from the current fossil fuel crisis.
Taxing Big Tech and other multinationals by enforcing existing tax obligations and changing the law to require these corporate giants to be more transparent about the profits they're making, like the Public Country-by-Country Reporting adopted in Australia.
Close the shareholder loans tax loophole, to prevent tax avoidance and reduce financial risk to small and medium size businesses (e.g. using the UK model).
Tax wealth more, not work, through a comprehensive capital gains tax (as in most OECD countries), high-wealth tax, trusts tax, and wealth transfer tax (as in Ireland).
Adjust income tax settings to better reflect ability to pay, by introducing a tax free band, making tax bands more progressive and raising the tax rate on the highest income earners. Most workers would pay less or the same tax under this proposal.
Addressing the impact of GST on the least well off, by reducing the rate of GST or introducing rebate system for people on low incomes (like in Canada).
Other important areas for reform in the TPS include: health, environmental and other remedial taxes; international taxation; transparency and administration of the tax system.
The full policy statement can be accessed here: https://assets.nationbuilder.com/tja/pages/3281/attachments/original/1776134165/TJA_Tax_Policy_Statement.pdf?1776134165
Zero Waste Aotearoa is calling on the New Zealand government to explicitly reject the export of New Zealand's waste to Fiji. A massive incinerator has been proposed for Fiji by Australian company TNG ltd.
It would be built in the Sawesi beachside area, a pristine coastline which is the ancestral arrival site for the people of the Vuda district. The application documents specifically mention New Zealand as a source of waste for the incinerator.
“This incinerator would burn 900,000 tonnes of waste per year, more than four times the waste that Fiji produces itself. Incinerating this much rubbish would leave Fiji with between 225,000-300,000 tonnes of highly toxic ash. This ash needs to be disposed of much more carefully than standard rubbish.” said Sue Coutts from Zero Waste Aotearoa
“Emissions to air, and ash from the incinerator will be toxic because mixed rubbish contains hazardous materials and chemicals of concern. When rubbish is burned these are concentrated in the ash and the filters and some escape into the air.”
“No wonder the locals are saying they don't want Fiji turned into a giant ashtray for Australia and New Zealand.”
“Burning this waste will generate hundreds of thousands of tonnes of CO2 emissions, so sending our waste to Fiji would also mean offloading our climate emissions to Fijians. The New Zealand Government has all but abandoned emissions reduction and waste minimisation plans. New Zealand needs to step up and take responsibility for the waste and GHG emissions we create .”
“The Australian billionaire developer, Ian Malouf of TNG Ltd, had his proposal for an Incinerator in Western Sydney turned down, so now he is taking his incineration plans to Fiji where regulations to protect health and environment are weaker. This is waste colonialism. It is racist, and it is wrong.”
“It is completely unacceptable for New Zealand to impose onto Fiji the social and environmental burden of dealing with our waste. This proposal locks in an arrogant approach to the Pacific where New Zealanders get to enjoy the imported consumer goods that we use, often for a short time, before sending our rubbish to someone else's country to burn and dump them so they bear the cost.” said Sue Coutts, spokesperson for Zero Waste Aotearoa.
“The global trade in waste and incineration technologies from countries with high GDP to those with lower GDP is based on power imbalances that are the result of historic political, economic and cultural injustice.”
“Imperial powers have treated the Pacific as a testing and dumping ground for 300 years. These practices trample on the human rights of the people of the Pacific and permanently damage the local environment. New Zealanders stood up against nuclear testing in the Pacific and we need to stand up against these toxic incinerators. It's all part of the same pattern.”
A solidarity campaign will be launched outside the Fijian High Commission on Friday morning at 9am in Wellington to express support for the communities in Fiji who are fighting this proposal. A demonstration in Fiji is planned for the same day at 10am.
15 April 2026 – The Reserve Bank of New Zealand (RBNZ) – Te Pūtea Matua has opened consultation on an exposure draft of a Bill that amends the Insurance (Prudential Supervision) Act 2010 (IPSA).
“We're seeking technical feedback on the Bill to help ensure the changes work in practice and deliver the policy decisions made by Cabinet last year,” says Jess Rowe, Director of Prudential Policy.
“It will also help us identify and avoid unintended consequences and regulatory gaps.
“Insurance plays a key role in many of New Zealanders' biggest financial decisions. That's why a sound and efficient insurance sector matters to everyone, and New Zealanders need to have confidence in the sector,” says Ms Rowe.
The Bill is intended to modernise insurance regulation in New Zealand and bring it closer to international practice.
The draft Bill seeks to enhance how the RBNZ regulates insurers, including a move to a clearer and more transparent rules-based approach by expanding the range of standards that the RBNZ issues, helping keep the sector sound – now and into the future.
“The Bill will support the Reserve Bank to be a more transparent, risk-based, and proactive regulator.
“A strong regulatory environment must be both sound and efficient. The Bill introduces a proportionality principle into IPSA, requiring us to publish a framework showing how regulation is tailored to the size and nature of different insurers. This complements existing Reserve Bank obligations, including considering the impact of our decisions on competition in the insurance sector,” she says.
Consultation is open for an extended period of 12 weeks, closing on 7 July. The Bill is expected to be introduced to the House of Representatives in 2027.
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