Robin Oliver: OliverShaw tax advisor says Green Party's proposed wealth tax is 'unworkable' episode artwork

EPISODE · Jun 11, 2023 · 8 MIN

Robin Oliver: OliverShaw tax advisor says Green Party's proposed wealth tax is 'unworkable'

from Politics Central · host Newstalk ZB

One tax expert says a wealth tax is unworkable and unnecessary. The Green Party wants to introduce a wealth tax of 2.5 percent on assets worth more than 2 million. This would extend to assets worth more than $4 million owned by a couple. OliverShaw tax advisor Robin Oliver says it's difficult to calculate one's wealth. "Some things you can value- listed company shares. But outside of that with small businesses, everything else, artwork, it's a matter of judgement and you don't know until someone fronts up with the cash." LISTEN ABOVESee omnystudio.com/listener for privacy information.

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Robin Oliver: OliverShaw tax advisor says Green Party's proposed wealth tax is 'unworkable'

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