Opportunity’s ‘tax reset’ could benefit many households – but does little for the poorest

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With the Opportunity Party on the cusp of the 5% threshold to make it into parliament after the November 7 election, its signature “tax reset” proposal deserves close attention.

The policy is essentially a universal basic income (or “citizen’s income”), with a range of supplementary payments replacing current welfare benefits and NZ Super, funded by a land tax.