Have a look at the number of countries that once had a wealth tax and have since chucked it out.
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Have a look at the number of countries that once had a wealth tax and have since chucked it out.
How many is that?
NZ has no broad-based wealth taxes, capital gains taxes, death or estate duties, or capital transfer taxes. How many other countries have such a situation?
Of course existing NZ income tax can become a CGT or a Wealth tax in certain situations - which will warp investment decisions correspondingly. So maybe if you are not in such situations you can say there are no wealth or CGT taxes.