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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.
- Tax Working Group recommends capital gains tax
- Capital gains tax explainer: The arguments for and against
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.