New Zealand, one of the top ten happiest countries in the world, is giving workers a big boost in pay.
“Changes to minimum wage and tax policy came into force in New Zealand today.
Prime Minister Jacinda Ardern’s had promised to raise the minimum wage to $20 per hour (£10.15) and to raise taxes on the wealthiest Kiwis.
The rise in wages means that the income of 175,500 New Zealanders will be increased by $44 (£22.30) each week.
“Today’s rise to $20 per hour is estimated to boost wages across the economy by $216 million, giving New Zealanders more money to spend at local businesses,” Minister for Workplace Relations and Safety Michael Wood said.
The new changes also impact the top two percent of earners in New Zealand, those on salaries of over $180,000 (£91,238.87), who will now be taxed by 39 per cent.
Previously, everyone who earnt over $70,000 (£35,476.70) paid a tax rate 33%.”
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