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)

Wed, 12 Jul 2023

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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