New Zealand to raise taxes on the rich and minimum wage for the workers
Increased the tax rate for the country’s highest earners to 39%
The new top tax rate will apply to anyone earning $180K over a year
This will be around 2% of the Island country’s population
The govt of New Zealand aims to raise $550 Million in revenue this year
Also, the govt increased the minimum wage to $20, an increase of $1.14 per hour
The raised wages will reportedly affect an estimated 175,500 workers
This will increase wages across the economy by $216 million
