The Government’s income tax changes will be legislated before Christmas and will come into force on April 1 next year.

Labour campaigned on creating a new tax bracket for income earned over $180,000. The party proposed to tax income earned above $180,000 at 39 per cent.

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  • The BFD. Pictured: Grant Robertson and Stuart Nash avoid eye contact with the Debt Monster outside today’s policy announcement
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A contribution from The BFD staff.