Legislate capital gains tax before election or risk 'mischief', Cullen says

Thu, 18 Oct 2018

By Pattrick Smellie Oct. 18 (BusinessDesk) - Passing new capital gains tax legislation into law before the 2020 election is important to reduce the potential for political "mischief", the chair of the Tax Working Group says. "It's important the legislation is passed before the election," said former Labour Finance Minister Michael Cullen. "If you leave room for doubt about what it does, you leave room for mischief," he told the Chartered Accountants of Australia and New Zealand annual tax conference, in Auckland. "The more gaps there,...

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