Accountants call for changes in capital gains tax draft

Wed, 23 Jan 2019

By Nikki Mandow Jan. 24 (BusinessDesk) - Accounting industry body CPA Australia is calling for changes to the capital gains tax as proposed by the Tax Working Group. It says the system in the draft report could “stymie investment, business and jobs growth”. CPA Australia executive general manager Craig Laughton says members - including approximately 2,000 accountants in New Zealand - have several concerns about the Tax Working Group’s initial report. These include: - the fact it does not include “grandfathering”, meaning the new regime...

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