The government considered but rejected wealth tax, says Chris Hipkins

The government considered but rejected wealth tax, says Chris Hipkins
The government sought advice on wealth taxes before Chris Hipkins took the reins in January. (Image: Getty)
Pattrick Smellie
Prime minister Chris Hipkins has confirmed the government was examining whether it could implement a wealth tax in this year’s budget, but that he canned the idea.The confirmation came in a statement from Hipkins as Labour party leader rather than prime minister and included a pledge that “there will be no wealth or capital gains tax after the election”.“End of story.”Hipkins said “experimenting with a wealth tax” went against the government’s focus on delivering “certainty and continuity&rd...

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