The Prime Minister has hosed down the idea of a capital gains tax.. a day after his government released a report highlighting the unfairness in the tax system.
Speaking to a business crowd in Auckland, Chris Hipkins promised there would be no new taxes in the Budget, ruling out a Capital Gains Tax, wealth tax, and Cyclone levy.
He says Labour will make its tax policy clear ahead of the election - and wouldn't rule out changes to the income tax thresholds.
RNZ political reporter Giles Dexter has the details.
