Fletcher Tabuteau, Spokesperson for Revenue
New Zealand First has celebrated the introduction of legislation that will stop tax overpayments, through secondary tax.
The Taxation (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matters) Bill, which has passed its third reading, will actively identify workers with more than one job and suggest a more appropriate withholding rate.
“For too long, the inefficiencies of secondary tax, have resulted in hefty tax deductions and large tax overpayments by hard working kiwis with multiple jobs,” says New Zealand First Spokesperson for Revenue, Fletcher Tabuteau.
“Most of these individuals are struggling to make ends meet and can’t afford to wait for a refund at the end of the year.
“New Zealand First has campaigned for many years to remove this problem in our tax system and is proud to be a part of the Coalition Government who has taken action.
“This change will make the process easier and pretty much automatic, for those who have to work more than one job. We would like to thank the Minister of Revenue, Hon Stuart Nash, for his efforts on this legislation,” says Mr Tabuteau.