Change tax regime for KiwiSaver, share trading - capital markets review

Change tax regime for KiwiSaver, share trading - capital markets review
Jenny Ruth
By Jenny Ruth Sept. 9 (BusinessDesk) - KiwiSaver contributions should not be taxed up front but only when the saver withdraws funds, all direct share investments should be taxed as if they were portfolio investment entities and trading in shares should be tax exempt. These are among the 42 recommendations of the capital markets revival plan proposed by Martin Stearne’s steering committee. He says some of the recommendations are focused on encouraging more New Zealanders to become engaged investors. “Many of the recommendations are a...

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