Flat tax for individuals and companies, GST cut to 12.5%
What it actually does
Would press for a single flat tax rate for individuals and companies, with the company rate aligned to the top income tax rate and income tax rates equal to or lower than Australia's. It favours cutting GST from 15% to 12.5%.
Source: conservatives.nz · 2026-07
The Trump take
“Flat tax, lower GST, they even quote the Laffer Curve. Art Laffer, great guy, I gave him a medal. This is a beautiful tax plan.”parody
Why it scored this way
Taxes
Flat tax and a GST cut
+2
Loves it
On the same topics
Budget 2024 income tax cuts and landlord interest deductibility
Budget 2024 delivered income tax relief averaging about $3.7 billion a year and restored the ability of residential landlords to deduct mortgage interest. The government said it funded the package partly through public service savings and cancelling some previous programmes.
Remove the ETS charge from fuel
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Repeal the Zero Carbon Act and end net zero
ACT would repeal the Zero Carbon Act and drop the 2050 net zero target, replacing it with an emissions cap tied to major trading partners, remove the ETS auction price floor and return net carbon auction revenue to households as a refund. It opposes pricing agricultural emissions and says New Zealand should be prepared to leave the Paris Agreement if it cannot be renegotiated.