ANALYSIS: Who killed the capital gains tax proposal and why? What did that decision cost us? And is it really dead or just resting? Tax is inherently political, so when looking at who killed the capital gains tax (CGT), the answer is straightforward: it was New Zealand First in the Beehive with its veto. Firmly slapping […]
More on Inland Revenue CRS initiative The future of tax Why did the Tax Working Group’s CGT proposal fail? Transcript This week, an update on Inland Revenue’s Common Reporting Standard initiative, the Future of Tax and what went wrong with introducing a capital gains tax. I spoke recently of Inland Revenue’s new initiative on the […]
So, no Capital Gains Tax to rule them all, not even a wafer-thin mint partial extension of the existing bright-line test to cover all residential investment property/holiday homes. I’m almost certainly not the only one who didn’t see that coming. The other big surprise for me is the decision to not prioritise any new environmental […]
The Government announces its decision not to introduce a Capital Gains Tax in this parliament. Terry runs through the TWG proposals and the implications for New Zealand. 11 recommendations are likely to be implemented by the Inland Revenue. Others such as Environmental, Water and Maori related taxes are not. My articles on the topic published elsewhere: […]
In case you’ve not heard, the big news this week is the start of the final season of Game of Thrones. Oh yes, we also should hear which of the Tax Working Group’s recommendations the Government proposes to implement. Judging from media commentary over the past few weeks “Winter is coming” would not inspire as […]
Tax Working Group’s capital gains tax is scrutinised.
We find out how much tax farmers in New Zealand actually pay.
International Monetary Fund challenges Tech companies.
When hearing the lamentations about the purported cost and harshness a capital gains tax (“CGT”) will bring, I think of Paul1. Dying of cancer he applied to his UK pension scheme for an early payment. Paul died before it arrived, but his widow still got to pay the tax on the transfer. I am reminded […]