The year ahead in tax will be dominated by this week’s release of the Tax Working Group’s final report.  The TWG is expected to recommend the introduction of a realisation based capital gains tax to close a perceived major gap in New Zealand’s tax system. The coming debate over CGT will almost certainly drown out […]

The week’s tax news in one handy summary.  New Zealand Tax More on inflation and thresholds. Worth remembering that in 2005 a similar proposal by then finance minister Sir Michael Cullen was dismissed as “chewing gum tax cuts” | Proposed changes better, but ‘what about the extra billions already paid?’ https://t.co/RqpcPShTk5 Interesting take from Brad […]

The week’s tax news in one handy summary.  New Zealand Tax Some valid points raised but I can’t see assets acquired pre-introduction being excluded. Australia did this & it’s widely regarded as a mistake | Accountants call for changes in capital gains tax draft https://t.co/J349NQw5VF Will be interesting to see what the TWG says on […]