Capital gains tax to be raised in Tax Working Group report

Author
Newstalk ZB,
Publish Date
Tue, 11 Sep 2018, 7:35AM
The interim report will be released later this month Photo \ Getty Images

Capital gains tax to be raised in Tax Working Group report

Author
Newstalk ZB,
Publish Date
Tue, 11 Sep 2018, 7:35AM

An interim report into our tax system will probably park the idea of a capital gains tax.

It is thought the Tax Working Group will seek further input before making a final recommendation on the controversial tax.

Tax consultant Terry Baucher told Kate Hawkesby the issue will almost certainly be raised in the report.

"Many of the jurisdictions within the OECD have capital gains taxes and it has not proved to be any for of fiscal armageddon."

The interim report will be released later this month

 

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