Finance Minister reviews tax settings for New Zealand banks

Monday 7 July 2025 · 2 outlets · 2 reports · updated Mon 7 Jul 2025, 6:23pm

In this story ACT Party, David Seymour, Nicola Willis, Inland Revenue

Finance Minister Nicola Willis is reviewing how income tax laws apply to major New Zealand banks, specifically in comparison to Australia. Act leader David Seymour believes the banks are already fairly taxed. The government is currently awaiting further advice from the Inland Revenue Department regarding the review.

How they headlined it

5:47pm6:23pm

1. NZ HeraldMon 7 Jul 2025, 5:47pm

   Bank tax settings: David Seymour says banks are ‘fairly taxed’, expects Nicola Willis’ work will find same (opens in new tab)

2. 1News via RNZMon 7 Jul 2025, 6:23pm

   Are NZ banks being taxed properly? (opens in new tab)