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New Zealanders are poor savers, with one of the lowest savings ratios in the OCED. United Future believes personal wealth creation and savings behaviour must be encouraged through a taxation system that is internationally competitive and takes into account the costs of raising a family.
Further lower tax rates, as economic conditions allow, with the goal of establishing a tax rate which is comparatively flat.
Introduce income splitting for families
Introduce a home carerís allowance for parents at home caring for children under the age of five.
Increase tax rebates currently available for child care costs.
Increase personal tax rebate on donations to charitable organisations from $500 to $5000.
Require the Inland Revenue Department ensures families fully access all tax rebates and family support entitlements.
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