As it happened: The Government's capital gains tax response

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Prime Minister Jacinda Ardern is holding a press conference in Wellington to give the Government's response to the Tax Working Group's proposed tax changes. 

Among those recommendations was a broad capital gains tax on the sale of assets and investments such as rental properties and shares, set at the income-earner's top income tax rate.

The recommendations were made in a February report by the Government's Tax Working Group, chaired by former Finance Minister Sir Michael Cullen. 

There's speculation that a "watered down" approach could be taken by the Government to appease coalition partner New Zealand First. 


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