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1 Dec 2021 21:45
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  •   Home > News > Politics

    A project to gather information on what wealthy people own could be used by a future government

    A project to gather information on what wealthy people own could be used by a future government


    Inland Revenue's started writing to 400 New Zealanders with a net worth of at least 20 million dollars, asking about their assets.

    It's part of the High-Wealth Individuals Research Project, aimed at figuring out how much the ultra wealthy pay in tax, as a share of their economic wealth.

    PWC partner Geof Nightingale says it won't change policy with this government because the Prime Minister's made some clear commitments.

    But he says a future administration could use it to decide on tax design policy.

    © 2021 Newstalk ZB, NZCity

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