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Hipkins says NZ is an "international outlier" when it comes to a capital gains tax

Author
九一星空无限talk ZB,
Publish Date
Tue, 26 Nov 2024, 9:58am
Photo / Michael Craig
Photo / Michael Craig

Hipkins says NZ is an "international outlier" when it comes to a capital gains tax

Author
九一星空无限talk ZB,
Publish Date
Tue, 26 Nov 2024, 9:58am

The Labour leader says New Zealand needs an honest conversation about paying for its future.  

Our newsroom understands party delegates will vote on whether to support a capital gains or wealth tax at its annual conference this weekend.  

Chris Hipkins says about 70% of government tax revenue comes from personal income taxes - while the OECD average is half as much. 

He told Kerre Woodham that's because New Zealand doesn't have other forms of tax like capital gains, which is very common elsewhere.  

Hipkins says it's treated as if it's a big radical idea, but we are one of the only countries in the world without some form of taxation in that area. 

Labour leader Chris Hipkins has reflected on his 鈥榝renemy鈥 relationship with Nikki Kaye.

Reacting to news of her death while speaking to Kerre Woodham, Hipkins said the pair both had a passion for education and tended to agree more than they disagreed. 

He said he hadn鈥檛 been in touch with her for a number of years and said her death was 鈥渁 bit of a shock鈥.

鈥淩eally sad news. I just heard about Nikki Kaye as I was coming into the studio this morning. Nikki and I arrived at Parliament at the same time. We had a lot of common interests. I think you could say we were 鈥榝renemies鈥 for the time we were in Parliament. Opponents, but we actually got on well together.鈥

Kaye was Minister of Education in 2017 under Sir Bill English. Hipkins would succeed her as the minister when Labour took power after the 2017 election.

鈥淚 thought Nikki was a really passionate member of Parliament, very diligent, did her research, liked to know what she was talking about, didn鈥檛 rush to decisions until she had actually done the analysis of understanding the situation,鈥 Hipkins said. 

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