BRYCE EDWARDS:  Labour keeps the status quo on tax, but has it shot itself in the foot?

Bob Edlin's avatarPoint of Order

  • Bryce Edwards writes –

The ultra-rich can breathe easy and progressive voters can scream into the void, because Prime Minister Chris Hipkins has ruled out any meaningful reform to our broken and unfair tax system. The Labour leader says it won’t happen on his watch.

Official documents were released on Wednesday showing the Government asked officials to draw up ideas for how a wealth tax might work. They then focused-grouped the idea and this exercise showed it wouldn’t be an easy win for Labour so, regardless of its merits, it was thrown on the bonfire.

Hipkins was then asked whether Labour might implement wealth taxes during its next term in government, and he categorically ruled out any such progressive reforms under his leadership.

The Progressive tax reforms that Labour rejected

We now know that Treasury put together a number of different models for how a major taxation reset could be…

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