Progressively reduce New Zealand tax levels as follows:
Personal taxes by 2018/19 will be 12½% on up to $20,000 income
Personal taxes by 2018/19 will be 15% on income over $20,000
Company taxes by 2018/19 will be 15%, the same as the top personal tax rate
GST rates by 2018/19 will be 10%
Petrol tax cuts of around $500 million

In order to treat all income the same, introduce a comprehensive capital gains tax on inflation adjusted capital gains at the time the capital gains are realised
Exempt the family home from capital gains tax
Over time, tighten the rules around Loss Attributing Qualifying Companies (LAQCs) and equivalent tax deductions

Labour’s personal tax plan will result in:
A new low tax rate of 12.5 per cent
A lifting of the 21 per cent threshold by $10,500 to $20,000
A lifting of the 33 per cent threshold by $4,500 to $42,500
A lifting of the 39 per cent threshold by $20,000 to $80,000

National’s tax package sets out a three-year programme of personal tax cuts
Will introduce a tax rebate for people who earn $24,000 a year or above, and who are not receiving a benefit, Working for Families payments, or New Zealand Superannuation
[Will] change personal income tax rates and thresholds

Aim to reduce corporate taxation, beginning with a 20% tax rate for 'new exports' net income
Remain opposed to any increase in general taxation
Establish a tax ombudsman to investigate taxpayer complaints

We would cut taxes so that income up to $12,000 [would be] taxed at 10%
Income between $12,001 and $38,000 taxed at 20%
Income above $38,000 taxed at 30%
Introduce Income splitting for parents with dependent children