Capital Gains Tax Ruled Out

Capital Gains Tax Ruled Out

The current Labour-led Coalition Government will not proceed with the capital gains tax recommended by the Tax Working Group. The Prime Minister, Jacinda Ardern, said that the three parties in Government had been “unable to find a consensus”. She expressed regret that...
Tax Working Group final report released

Tax Working Group final report released

The Tax Working Group’s report was released on the 21st February 2019. It made the following key recommendations with regards to the New Zealand tax system: Capital gains tax: Extend the existing coverage of taxing capital gains. Eight of the 11 members of the TWG...