The Labour Party is not going to bring back a heavy taxation policy because of a backbench revolt, according to its leader, Chris Hipkins. He says suggestions to the contrary are wrong.  Hipkins cancelled work on a wealth tax in July, which led to the resignation of his Revenue Minister, David Parker. Parker had been working on this idea for months.  But several reports suggest the idea is rumbling away in the Labour caucus, which is biding its time. The reports say the Taieri MP and chair of the Finance and Expenditure Committee Ingrid Leary has spoken in favour of a wealth tax or a capital gains tax.

https://www.interest.co.nz/public-policy/124590/labour-leader-chris-hipkins-insists-there-no-rumbling-mutiny-among-back

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