Dunne: Income Sharing could benefit up to 310,000 families
Up to 310,000 New Zealand families will be eligible to share their income for tax purposes through legislation tabled in Parliament today by Revenue Minister Peter Dunne under the Confidence and Supply Agreement with the National-led Government.
“This bill will give couples with children the option of having a parent work fewer or more flexible hours, be at home raising their children, and able to increase their combined after-tax income,” Mr Dunne said.
“We constantly hear the term ‘family-friendly’ bandied about, but this bill will actually put money in the pockets of many families who choose to have a parent more actively involved in raising their children.
“It will empower and help families who see it as important to bring their children up that way, and that is a lot of New Zealand families,” he said.
Income Sharing is a key part of UnitedFuture’s tax policy and formed part of its Confidence and Supply agreement with the National-led Government. “I am very proud of this Bill both as Revenue Minister and as leader of UnitedFuture – it is a key policy plank for us,” Mr Dunne said... Read the full text of this article.
