Closing the gap: How a capital gains tax could raise $100M a year from property companies

Mon, 10 Sep 2018

By Nikki Mandow Sept. 10 (BusinessDesk) - A capital gains tax could see listed investment property companies paying an additional $100 million in tax a year, according to a University of Auckland study. The findings, from University of Auckland accounting professors Jilnaught Wong and Norman Wong, come as the government’s Tax Working Group prepares to release its interim report to ministers this week. A capital gains tax is expected to be one of the options for the government to consider. As well as examining the impact of a capita...

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