The Tax Working Group has been brought together by Government to consider the future of tax and is chaired by former Finance Minister Hon Sir Michael Cullen.
Yesterday, Wednesday 14 March, the Tax Working Group released the background paper “The Future of Tax” which calls for public submissions on a range of issues that the Tax Working Group considers important to its work.
In a statement released yesterday Sir Michael Cullen says it’s clear that a capital gains tax and land taxes will be among the most contentious issues.
“I want to take this opportunity to remind New Zealanders that the family home is completely out of the mix but that still leaves plenty of scope to review other ways such taxes might be applied. Inheritance taxes are off the table too.”
The Group has also launched a website where individuals can make submissions – or participate in a simple poll of five questions.
We think the website and the poll make it easy for people to have their say and wanted to let you know about it.
Each of the five questions the Working Group is asking is explained by a short video, provides multiple choice answers and space to make more detailed comments.
To have your say visit taxworkinggroup.govt.nz
Submissions close on 30 April 2018.