Capital gains battle heats up
While the country waits for the Government’s response to the Tax Working Group’s recommendation that a capital gains tax be introduced, heated debate over the issue continues.
The latest force to enter the fray is a group called Tax Justice Aotearoa, which is promoting a petition that calls for the Government to “join the modern world” and introduce a capital gains tax.
The group’s organisers Louise Delany and Paul Barber argue that New Zealand’s tax system is unbalanced and unfair and that the debate over tax is being dominated by wealthy property owners.
“We seek a fairer society through tax reform,” they say. “We represent the growing number of people who wish to see greater transparency, equality and fairness in national and global tax systems.”
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