Jacinda Ardern says no plan for wealth tax this term; no tax policy is being worked on

Prime Minister Jacinda Ardern holds her regular post-Cabinet press conference on Monday.

Prime Minister Jacinda Ardern​ says “mischief is being made” over tax and her party’s policies haven't changed.

Both National and ACT have attacked Ardern on Monday after she failed to concretely rule out campaigning on a wealth tax at the next election.

Ardern reiterated at her post-cabinet press conference that Labour’s tax policy had not changed for this term and there were no wealth taxes on the table – indeed, she said the entire tax policy had already been implemented.

“[We have] "no intention of introducing a wealth tax here in this term and we are doing no further work on it."

Jacinda Ardern reiterated that Labour’s tax policy had not changed for this term.
Hagen Hopkins/ Getty Images
Jacinda Ardern reiterated that Labour’s tax policy had not changed for this term.

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She went on to say that Labour was not working on its 2023 election policy yet either.

“We have no policy to report on. There is no election policy I am putting forward for debate. My statements and positions have not changed. End of story.”

Ardern was also asked about her comments during the 2020 campaign, when she said she “wouldn’t allow” a wealth tax to happen while she was prime minister, and said she stood by them.

She would not clarify whether those comments applied to all possible wealth taxes or just the Green Party’s proposed wealth tax.

National’s finance spokeswoman Nicola Willis said Kiwis “couldn’t trust” Labour on tax and Ardern was “leaving the door wide open” to more taxes.

“The writing is on the wall. [Revenue Minister] David Parker is collecting wealth data and is talking about wealth taxes,” Willis said.

Neither National or Labour have revealed their full tax policies for the 2023 election.

Parker has given Inland Revenue more power to find out just how much New Zealand’s wealthiest people actually pay in tax.

He is also formulating a bill that would require officials to periodically report on how well the tax system was operating against a set of principles including fairness and workability.

Parker reiterated at his speech that he was not introducing any new tax, however.