The Green Party is calling on the Government to take responsibility for reducing inflation by taxing wealth instead of leaving RBNZ to continue hiking the Official Cash Rate.

Long awaited High Wealth Individual Research released by Minister David Parker’s office today shows, again, the Government must act to tax wealth and create a fair economy.

The Green Party is calling on the Government to tax the super wealthy as inflation, largely driven by continued increases in the cost of essentials like food and housing, persists.

The Green Party is calling on the Government to take responsibility to reduce inflation by taxing wealth, instead of leaving RBNZ to continue hiking the Official Cash Rate.

With calls growing for inquiries and action on bank profits, the Greens say the Government has all the information it needs to act now and put a levy on banks.

The Green Party is urging the Government to take urgent action to create a fairer tax system that works for all New Zealanders.

Government data today shows that the wealthiest New Zealanders aren’t paying their fair share of tax, whilst everyone else chips in, Green Party spokesperson on Finance Julie Anne Genter said today.