With the wisdom of hindsight, the Labour/Greens combo never did have the numbers to get a meaningful capital gains tax (CGT) across the line…
2019 is proving to be such a bad year for the Kiwi way of life, which – patriots beware! – is under attack on all fronts by the IRD.
In its attitudes to tax, New Zealand has been the last colonial outpost of Thatcherism. Change, however, may be in the air.
From now on it seems, firms will only need to re-invest a paltry $50,000 in research and development – half the previous amount – to qualify for a sizeable tax break.
Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.
So far, Labour’s tax plans have been treated like an incoming hurricane in the Caribbean – how big will it be, what path it take through the economy, how much damage will it do?
An interview with business analyst Rod Oram