Originally Posted by
biscuit
Well, firstly, I don't reckon a CGT would really do much to "broaden" the tax base. If you exclude people's homes, the vast majority of people don't own anything worth taxing, do they? A CGT is really simply going to narrow the tax base even further. I think realistically, you cannot squeeze much more out of most NZers, they just don't have enough anyway. You could probably "effectively broaden" the tax base by getting rid of subsidies such as kiwisaver and working for families, interest-free student loans etc.