“Capital Gains Tax” with Craig Elliffe and Chye-ching Huang
Venue: Owen Glenn Building, University of Auckland
Time: May 5th, 6:30 PM
One reason we keep returning to capital gains tax is that the exemption for capital gains is the one, large, glaring exception to New Zealand’s typical “broad base, low rate” approach to taxation.
Generally we have preferred to eliminate tax breaks for particular types of income in favour of across-the-board cuts to rates. Another is that the benefits of a capital gains tax are well known, generally uncontested, and extremely attractive.
The elephant in the room for the 2009-2010 Tax Working Group was the prospect of a capital gains tax and/or land tax. For more than 40 years we have debated a capital gains tax and keep throwing a sheet over the elephant.
Professor Craig Elliffe and Chye-ching Huang of Auckland University Business School will pull the sheet off the elephant in this free lecture.