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- Mitigating the effects of a potential new capital gains tax
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18-10-2018, 11:03 AM
#151
Have a look at the number of countries that once had a wealth tax and have since chucked it out.
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18-10-2018, 11:05 AM
#152
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18-10-2018, 11:15 AM
#153
Originally Posted by Joshuatree
How many is that?
Wikipaedia is your friend.Lol
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18-10-2018, 11:31 AM
#154
Originally Posted by couta1
Have a look at the number of countries that once had a wealth tax and have since chucked it out.
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.
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