Sooner or later, it has to happen
Sooner or later, it has to happen
22 February 2019
Tax Working Group chairman Sir Michael Cullen sees some degree of inevitability around a capital gains tax.
He says New Zealand has one of the flattest tax systems in the developed world.
Cullen says local and international data on the topic shows the progressive role of a capital gains tax very clearly.
He says eventually, New Zealand needs to begin the journey almost every other developed economy has been on and make it an accepted part of our taxation system.
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