Post by Kiwi Frontline on Dec 18, 2018 16:13:58 GMT 12
TREATY CLAIMS COULD BE THE STRAW THAT BREAKS THE BACK OF CAPITAL GAINS TAX
OPINION: As if the Tax Working Group does not have enough to grapple with, it faces a dilemma which arguably goes to the heart of the sovereignty of the tax system.
Does it accept warnings that an introduction of capital gains tax (CGT) could breach the Treaty of Waitangi?
Two large iwi organisations have submitted to the Tax Working Group (TWG) that unless they receive an exemption from CGT , the new tax would breach the principles of the Treaty of Waitangi.
If the iwi case is strong enough, the path of least resistance for Labour may well be to grant iwi and exemption.....
www.stuff.co.nz/business/109421304/treaty-claims-could-be-the-straw-that-breaks-the-back-of-capital-gains-tax
OPINION: As if the Tax Working Group does not have enough to grapple with, it faces a dilemma which arguably goes to the heart of the sovereignty of the tax system.
Does it accept warnings that an introduction of capital gains tax (CGT) could breach the Treaty of Waitangi?
Two large iwi organisations have submitted to the Tax Working Group (TWG) that unless they receive an exemption from CGT , the new tax would breach the principles of the Treaty of Waitangi.
If the iwi case is strong enough, the path of least resistance for Labour may well be to grant iwi and exemption.....
www.stuff.co.nz/business/109421304/treaty-claims-could-be-the-straw-that-breaks-the-back-of-capital-gains-tax