Environment Minister David Parker picked up the revenue portfolio when Prime Minister Jacinda Ardern announced her Cabinet appointments following the election.
Treasury’s briefing papers to the incoming Minister of Revenue lists the development of environmental taxes as one of three pieces of tax stewardship and strategic issues it has underway.
The papers say that New Zealand currently collects a very low share of revenue from environmental taxes and that the Treasury is involved in developing a cross-agency framework for that form of tax.
Environmental taxes are also mentioned in the Inland Revenue briefing papers.
They say one of the key issues in the Tax Policy Work Programme to be considered during the next 18 months is the role of environmental taxes and what an environmental tax framework should look like.
An update report to ministers was planned for late last year, with a consultation document expected in 2021.
