No new taxes but a big tax enquiry – Revenue Minister

And he also wants an enquiry into how much tax the rich actually pay, saying it is not well understood. 

Parker, speaking at Victoria University, said there would be a new law to set out the principles of the tax system.

It would be a kind of oversight bill establishing proper standards of tax, but would not contain actual new taxes. It would be called the Tax Principles Act.

Questioned by his audience, Parker continued to reject a capital gains tax. Pushed on this further, he said the Prime Minister had ruled out a capital gains tax on her watch, and that would not change, since he, Parker, was himself “on her watch.”