Guesswork and slogans: the wealth tax debate

David Parker's wealth tax project may take a generation to bear fruit. (Image: BusinessDesk)

Tue, 02 May 2023

A few days before revenue minister David Parker released his much-awaited research into how much tax the wealthy pay, he and I were chatting amiably after a press conference about the “Super Lefty Person” painting in his office.Auckland painter John Reynolds, who I knew four decades ago as a slightly harried barista at John’s Diner, was the artist and we were trading stories about the Auckland art scene in the way you’d expect of a couple of Wellington pointyheads, until it occurred to me to try this conversational gambi...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets

NZ sharemarket up 0.4% after Potentia sells Vista stake

The S&P/NZX 50 Index closed at 13,133.2, up 58.38 points or 0.45%.

Graham Skellern 6:05pm

Primary Sector

a2 Milk share price looks high as Forsyth Barr downgrades

It's share price is up over 60%.

Riley Kennedy 2:40pm

a2 Milk share price looks high as Forsyth Barr downgrades

Retail

Not just Auckland: Ikea eyes online sales at 25-35%

The Swedish furniture giant stresses that sales will be made online too.

Victoria Young 1:40pm

Not just Auckland: Ikea eyes online sales at 25-35%

Sponsored

Are employers doing enough to prepare workers to retire well?

When one third of the New Zealand workforce is aged 55 or older – are employers doing enough to help them prepare for retirement?

Moneyfit

Sponsored

Bold Steps: reshaping women’s leadership in Aotearoa

Dame Therese Walsh and Dame Joan Withers reflect on the summit’s unlikely beginnings – and how it has evolved into a platform for ambition and impact today.

OnBeingBold