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Inland Revenue Weighs up Tax Hikes to Pay for Ageing Population

NEW ZEALAND, JUN 26 – Inland Revenue invites public feedback on tax changes to address fiscal pressures while maintaining competitiveness, noting income tax makes up 52% of revenue.

Summary by NZ Herald
Inland Revenue is flagging its view that Kiwis will likely need to pay more tax in the future to cover rising costs associated with an ageing population. The...

3 Articles

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2
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RNZRNZ
Center

Taxes will have to increase to cope with ageing population, government spending

Government spending will exceed revenue by 2061 prompting the IRD to look at the tax system.

·New Zealand
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NZ HeraldNZ Herald
Center

Inland Revenue weighs up tax hikes to pay for ageing population

Inland Revenue is flagging its view that Kiwis will likely need to pay more tax in the future to cover rising costs associated with an ageing population. The...

·Auckland, New Zealand
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Haverhill GazetteHaverhill Gazette
Lean Left

Haverhill approves budget, tax bill hikes up

HAVERHILL — The average single-family homeowner in Haverhill is expected to see a $299 increase in their property tax bill with the fiscal new year just weeks away.

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Haverhill Gazette broke the news in on Thursday, June 26, 2025.
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