Media release: Tax Working Group’s proposed rate of capital gains tax one of the most penal in the world
Wellington (21 February 2019): The Tax Working Group’s report released today proposes a broad-based top rate of 33% capital gains tax (CGT). The New Zealand Initiative argues in a new policy note, The Pitfalls of CGT, that headline rate would immediately push New Zealand to the top of the international CGT rankings among industrialised economies, just behind Denmark and Finland. Read more
