The Resource New Zealand's 'experience' with capital gains taxation and policy choice lessons from Australia

New Zealand's 'experience' with capital gains taxation and policy choice lessons from Australia

Label
New Zealand's 'experience' with capital gains taxation and policy choice lessons from Australia
Title
New Zealand's 'experience' with capital gains taxation and policy choice lessons from Australia
Creator
Subject
Language
eng
Summary
This article reviews previous attempts at introducing a capital gains tax (CGT) into New Zealand, traverses the ongoing debate, and outlines some of the key policy choices that need to be carefully examined should a future government announce that it is working on a CGT. The analysis is undertaken within a comprehensive tax base framework which applies income tax to net economic gain, adjusted for inflation. The article then considers modifications to this 'ideal' framework based on the design principles of equity, efficiency, simplicity, sustainability and policy consistency. Given Australia has had a CGT regime in place since 1985, with the regime going through several amendments in the intervening years, much of this analysis is drawn from that experience. In particular, Australia's politically controversial grandfathering clause, indexation versus discount model, and exemptions and concessions are discussed. The article concludes by providing recommendations as to "ideal" policy choices should a CGT be again promoted as tax policy in New Zealand
Citation source
In: eJournal of Tax Research. - Sydney. - Vol. 16 (2019), no. 2 ; p. 362-392
http://library.link/vocab/creatorName
  • Sadiq, K
  • Sawyer, A.J
Geographic coverage
Pacific Islands
Language note
English
http://library.link/vocab/subjectName
  • capital gains tax
  • tax policy
  • grandfather clause
Label
New Zealand's 'experience' with capital gains taxation and policy choice lessons from Australia
Instantiates
Publication
Label
New Zealand's 'experience' with capital gains taxation and policy choice lessons from Australia
Publication

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