11 May 2017

ACT would make tax cuts across the board

3:47 pm on 11 May 2017

The ACT Party has released its tax policy, which includes substantial tax cuts.

David Seymour fronting up.

ACT Party leader David Seymour Photo: RNZ / Alexander Robertson

Under the policy, the lowest tax rate of 10.5 percent would drop to 10 percent, the middle rate of 17.5 percent would drop to 15, and the top rate of 33 percent would drop to 25 percent.

ACT would also cut company tax from 28 percent to 25.

The party's leader, David Seymour, said its policy was far stronger than what he called the "tax bracket tinkering" Steven Joyce would announce in this month's Budget.

He said the tax cuts would not require any cuts to core services like health, education, police or infrastructure, and he said government debt would continue to be repaid.