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:
17 April on Interest.co.nz predicting a CGT – Will there be one CGT to rule them all? https://www.interest.co.nz/opinion/99191/terry-baucher-ponders-whether-there-will-be-one-capital-gains-tax-rule-them-all
18 April on Interest.co.nz admitting I got the prediction wrong – I am surprised the environmental tax proposals aren’t prioritised https://www.interest.co.nz/opinion/99212/terry-baucher-surprised-govt-wont-prioritise-any-tax-working-group-environmental-tax
18 April on The Spinoff – The other tax recommendations the Government ignored https://thespinoff.co.nz/business/18-04-2019/the-other-tax-recommendations-the-government-ignored/