This article tries to find a new way through old arguments about whether or not New Zealand should have a realization-based capital gains tax. Instead of revisiting the first-principles analysis of the costs and benefits of a capital gains tax, it starts by observing that many countries have...

Exempting capital gains from taxation clearly favours large established business at the expense of new and small business, and promotes an increasing concentration of wealth at the expense of low and middle income taxpayers . The business submissions to the Government’s Tax Review 2001 though...

This article explores the tax compliance costs — those costs incurred by taxpayers or third parties, such as businesses, in meeting the requirements laid upon them in complying with a given structure and level of tax — that New Zealand could expect to encounter if a capital gains tax (CGT)...