ANALYSIS Most of the tax revenue from a capital gains tax would come from middle income Kiwi families, businessman Troy Bowker has claimed. Although Bowker implies that Labour hasn't done the maths on a capital gains tax, facts are laid out in a briefing document released by the Tax Working Group in September. ABILGAIL DOUGHERY/STUFF The capital gains tax proposed by the Tax Working Group (seen meeting above) would not disproportionately impact people on middle incomes. There are valid arguments to be made against a capital gains tax, some of which have been put well and forcibly by Bowker. The Tax Working Group has failed to reach a unanimous conclusion on how a capital gains tax could be implemented.

Source: Stuff February 07, 2019 21:56 UTC