No frills, no cyclone or wealth tax, says Hipkins

No frills, no cyclone or wealth tax, says Hipkins
Chris Hipkins has ruled out a cyclone tax at a speech to the EMA. (Image: Getty)
Dileepa Fonseka
Prime minister Chris Hipkins has ruled out a cyclone tax, a wealth tax or a capital gains tax in what he promises will be a "no frills budget".Hipkins made the announcement in a business-focused speech at the headquarters of the Employers and Manufacturers Association (EMA) in Auckland."Treasury has pointed out that between now and 2024, government spending is set to fall by the largest amount since at least 1987 – due in part to the rapid rollback of covid spending under way," Hipkins said."So, despite what you m...

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