Capital Gains Tax

[Aaron]

Sorry behind the pay wall but Sir Ian Taylor risks missing out on invites to flash parties with his blasphemy on tax.

https://www.nzherald.co.nz/business/...LJC2JND4ZWNIE/

He suggests a capital gains tax would be a good idea and might pave the way to reduce GST to help those most in need.

I agree with him taxing unrealised capital gains is a bad idea and agree taxing realised capital gains should start asap.

He also mentioned that when trying to help a couple of Swedish employees to get taxed in NZ as Sweden had a higher tax rate they declined as they were proud to pay taxes in their country. They did not see it as a burden but part of their social contract.

Perhaps they needed to talk with David Seymour who could point out that the success of their country was probably due to low tax rates in the 1860s. David obviously a deep thinker as most of us would have not realised this.