Oct 30 • 7M

Dawn Chorus: A windfall profits tax?

Greens propose one-off excess profits tax on larger companies in more monopolistic sectors that reported $15b rise in Covid-era profits; Winston Peters a kingmaker again in new poll

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Bernard Hickey
The latest daily snapshot of the news, detail, insight and analysis on geo-politics, the global economy, business, markets and the local political economy for citizens and decision-makers of Aotearoa-NZ.
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TLDR: The Greens are proposing a one-off windfall profits tax on companies that saw their profits jump $15b during the Covid era, in part due to $20b worth of cash handouts to companies from the Government and massive monetary policy and fiscal policy stimulus.

Large companies in monopolistic sectors - including supermarkets - banked large profit increases over Covid. Photo: Lynn Grieveson / The Kākā

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