Price Waterhouse Coopers argues rebuilding the New Zealand economy post COVID-19 should include tax reforms and addressing the 'elephant in the room' of capital gains tax.

The professional services firm makes the argument as one of ‘Seven Planks’ to get the economy back on track and in better shape, in its just released Rebuild New Zealand report.

Among the other ‘planks’ are further targeted wage support, addressing inter-generational inequality and dealing with the urgent challenge of climate change.

PwC Partner and Board Member Geof Nightingale told Simon and Phil CGT had ben kicked down the road by successive governments. 

He says in light of the economic destruction from Covid-19, now is the time to have a logical discussion about the benefits tax reform could have on recovery.

LISTEN ABOVE

• Why a Capital Gains Tax isn't needed to boost economy