A Capital Gains Tax for New Zealand: A Comparative Study of the UK and Australian Models
This paper discusses the designing of a capital gains tax for New Zealand. The essential question is not why such a system is needed but what type of system should be implemented. The paper ignores the political discussion of whether such a tax is necessary and concentrates on design and implementation issues. Drawing from other tax jurisdictions, chiefly the United Kingdom and Australia, this article discusses the merits of tapering relief; indexation (now frozen in Australia); specific exemptions (e.g. owner occupied property); and of re‐defining capital assets into discrete categories which may be treated differently. The aim of the study is to open up the issue of capital gains for informed discussion: how such a tax should be administered, and the possibilities and likely difficulties involved in implementing such a tax.
Year of publication: |
2000
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Authors: | Cheng, Alvin ; Hooper, Keith ; Davey, Howard |
Published in: |
Asian Review of Accounting. - MCB UP Ltd, ISSN 1758-8863, ZDB-ID 2425199-9. - Vol. 8.2000, 2, p. 43-59
|
Publisher: |
MCB UP Ltd |
Saved in:
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