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The jury is out for the released Tax Working Group’s “Future of Tax” Report, with the government promising to deliver its verdict in April. Unfortunately, a careful reading of the 200-page document already shows a missed opportunity to address New Zealand’s biggest elephant in the room: slow productivity growth. Read more

The Tax Working Group’s proposed capital gains tax would constitute one of the most penal regimes in the world if implemented. A comprehensive CGT regime would also tarnish the simplicity and competitiveness of New Zealand’s internationally praised tax system. Read more

As if to squeeze the most out of the short parliamentary term, the Government has been busy with a flurry of initiatives. Such a hurry can be costly. Read more

The Tax Working Group released this week its much-anticipated “Future of Tax” report, which recommends introducing a broad-based taxation of capital gains at full income rates. As proposed, the 33% headline rate would be one of the highest among industrialised economies. Read more

Only the officials at Inland Revenue know why they commissioned a poll on Kiwis’ attitudes to tax that included questions about the respondents’ general political orientation. Releasing the polling data should be part of fixing any perceived problems. Hamish Rutherford’s reporting at the Dominion Post raises questions about the Department’s political impartiality. Read more