On 21 February 2019, the New Zealand Tax Working Group announced that it has delivered its final report (Volume I) on recommendations improving New Zealand's tax system, as well as a final report (Volume II), providing details on a proposed extension of capital gains taxation.
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Concerns about the structure, fairness and balance of the tax system have led to the Tax Working Group recommending the Government tax more income from capital gains.
Group Chair Sir Michael Cullen says our sy…