For too many New Zealanders, everyday life has become a constant battle to stay ahead.
You earn your wage, tax is taken before it reaches you, and then GST and other taxes and charges continue to affect what you spend.
NZ Loyal is proposing a fundamentally different approach: replace existing taxes with a single 1% Transaction Tax. Under the party’s published policy, the 1% would apply when money moves, including electronic payments, online transactions and securities trades etc.
The objective is simple: reduce the tax burden on productive work and leave more money with New Zealanders.
In practical terms, NZ Loyal says its proposal would mean:
- No income tax – workers would keep their gross earnings rather than having PAYE income tax deducted
- No GST – removing the 15% GST component currently applied to most goods and services
- No company tax – allowing businesses to retain more of their earnings for wages, investment and growth
- One simple 1% Transaction Tax – replacing the existing multiple-tax structure
- Less tax administration – NZ Loyal proposes eliminating Inland Revenue as part of the change and substantially simplifying tax compliance.
For an everyday household, the intention is straightforward: more of what you earn remains available for groceries, rent or the mortgage, power, fuel, children, savings and getting ahead.
For small businesses, NZ Loyal argues that removing company tax, GST and much of the associated tax administration would allow more resources to remain available for operating, employing people and investing in the business.
It is a major change from New Zealand’s present tax system, and the revenue assumptions and wider economic effects would need to be assessed against transaction volumes and behavioural responses. An expected increase in transactions would increase tax revenue.
NZ Loyal’s broader monetary and taxation policy says revenue from the Transaction Tax would fund public goods and services alongside its proposed changes to sovereign currency and infrastructure funding.
Practical problems require practical solutions.
- MORE PAY IN YOUR POCKET.
- THRIVE – DON’T JUST SURVIVE.
Read the full NZ Loyal Monetary & Taxation Policy: 1% Transaction Tax Policy
WONDERFUL TO FINALLY SEE SOME CAMPAIGN ISSUES BROUGHT TO LIGHT THAT OTHER POLITICAL PARTTIES HAVE NOT ADDRESSED NOR HAVE ALTERNATIVE PLANS FOR!
KELVYN ALP IS A MASTERMIND, AND THE NEW ZEALAND LOYAL BOARD MEMBERS AND CANDIDATES HAVE WELL THOUGHT-OUT SOLUTIONS TO MANY, IF NOT ALL, OF NEW ZEALAND’S PROBLEMS!
NO MORE IRD…
NO GST OF 15%…
NO CORPORATE TAXES…(WHICH AMAZES ME THAT NO NZ COMPANIES ARE ENDORSING NZ LOYAL’S TAX AND MONETARY POLICIES..ARE THESE CEO’S AND THEIR CORPORATE BOARDS OF DIRECTORS SO IGNORANT OF CHANGES THAT WOULD HELP THEIR BUSINESSES?)
Kelvyn Alp and his Counterspin Media revealed the fake video of the Chch Mosque Massacre that Jabby barred in NZ, showing very clearly that this was a Mossad Operation!
Tarrant’s travel history revealed where he had been, and what he did prior to the op.
Whale Oil disappeared when this happened, but the snuck back into the alternative media stream afterwards…
Kelvyn Alp & Hannah Spier were illegally charged with sharing a LINK to the video BEFORE THE VIDEO WAS BANNED!
https://nzloyal.com/new-zealand-government-above-the-law-guilty-of-cover-up-and-laughing-at-you/
https://nzloyal.com/truth-on-trial-forensic-video-analysis-report/
https://nzloyal.com/the-chains-you-choose-a-wake-up-call-from-kelvyn-alp/
How does the country run on a 1% transaction tax?
It doesn’t make sense to me.
The government was set to spend $155 billion this year. I get there would be some savings, but would there really be 10 trillion worth of transactions, to generate $100 billion for running the country?
Good question. Checkout the link above for more info of how it would work. Then go to Kelvyns own talk explaining the simplicity of it and how it would eventually get NZ out of debt and allow you more money in your pocket.
If I managed to understand it, anyone can!
Is there 10 Trillion in transactions per year?
That is all I need the answer to. If not, the country will not function, let alone pay down debt
NZ Loyal appears to be in step with NZ’s corrupt: National, Labour, NZ first, ACT, greens and maori party syndicate. All working together to continue syphoning Kiwis money and wealth so more thick despicable kiwi politicians can fly their private jets to and from their aussie water front homes!
Proposing a 1% wealth tax without a costed, timelined proposal for implementing the tax is farcical and an insult to the collective intelligence of NZ voters
Claiming NZL will fight corruption without identifying what specific corruption you plan to fight is farcical.
Promising to remove the reserve bank independence safety net (admittedly not currently working because of the current iniquitous reserve bank governoress) is alarming.
Promising to introduce a new monetary and taxation system, moving away from the debt-based fiat currency system, whilst pledging to nationalize energy, water, communication, and transport is an absurd oxymoron.
The Freedom Party’s recruitment of Barry Young to support their criticism of, and pledged inquiry into, the NZ covid scam is the ONLY NZ political party action / policy posessing integrity!
It would be great to see new substantial, evidenced, bold policies from Freedom to prosecute and disband the aussie run: NZ banking, insurance, grocery, and fuel cartels and a policy to investigate the money trail of the enormous amount of taxes spent on goveenment consultants for no return to the people paying.
e.g., $100 mil spent to not get a recommended harbour crossing and the seven years, $33m, no results: failed immigration IT project for which incredulously, no-one has been held to account!
Sorry. I meant 1% transaction tax.
You sound like Liz Gunn doing a bitter and twisted incorrect rant!
The 1% transaction tax will work.
NZ Loyal can’t be remotely compared to the other parties. Those useless parties are out to destroy NZ.
If you genuinely want to know more how this will work, check out the attached link above, including watching Kelvyn Alps simplistic summerisation of it.
I’d like to see more of how this would work in practice? Have the numbers been run to see if this makes fiscal sense? I do agree a transaction tax is a good idea but you might also need a low base income tax of say 10-15%, surely?
Thanks for your reply Helen.
Your denials and claims without evidence or costed and verified analyses make you a great fit for the NZ Loyal Party.
Kiwis need clever politicians with integrity promoting policies they have analysed so Kiwis are confident the policies will work.
Not a bunch of main stream political Party rejects trying another means to get elected, with the goal of using the same corrupt schemes the National, Labour, ACT, NZ First and Greens political syndicate use, to get their hands on more of Kiwi’s ever declining wealth!
Let’s hope the Freedom Party start rolling out substantial, researched policies so we have someone to vote for.
Freedom could start with policies to lower our cost of living by enforcing NZ cartel laws and punishing the corporate abusers.
Kiwis are paying the aussie owned fuel cartel a world record $3.37 per litre for petrol today.
Thanks for your reply Liz. As always its one sided and without facts.
At least I’ve got the courage to show my name in my posts! Unlike you who likes to hide.
In fighting between new parties is why a lot of people opt to vote mainstream. I’ve yet to see any fiscal policy from Freedom by the by. All parties who want to be taken seriously need to have clearly outlined and workable fiscal policy and should focus on that, not tearing down other newcomers. That helps no one.
If these parties would unite, and I said this last time round, they might get somewhere, ie. Parliament on 5%…. otherwise, with 2 or more of them bumping heads, none of them will get in… so…then what? NZ is dying and the epstein class has it’s boot heels on the throat of this country… I do not think there is anyway to vote out of this mess…it’s too entrenched…
Piglet. Lets assume Freedom is an honest party with best intentions for Kiwis.
Which party should they join forces with?
The other party leadership teams are all planning to ruin us in persuit of their Sidney water front homes.
I love this tax system. It makes sense to everyone.