Quote:
Group’s preference
If income tax is extended to gains on the sales of shares, the group’s preference is to do
nothing particular for this industry as it will be fully taxed on its economic income albeit in a
different way to other industries. A taxation of the gains on share sales will align New
Zealand’s tax settings of this industry with Australia’s.
On this basis nothing particular to this industry needs to be discussed in the interim report.
If, however, such a change to the taxation of capital income does not occur this may need to
be reconsidered.
Nothing will change for them. Your down ramp was the usual proverbial.