PHOTO: ABIGAIL DOUGHERTY/STUFF – Sir Michael Cullen has confirmed people will have to wait for the Tax Working Group to give the thumbs up or down on a capital gains tax.
The Tax Working Group will not recommend whether or not New Zealand should get a broad-based capital gains tax, in an interim report due out this month, chairman Sir Michael Cullen has confirmed.
Stuff had previously reported that any recommendation on the controversial tax would be deferred until the working group publishes its final report in February.
Cullen said on Wednesday that he was “happy to confirm that”.
Finance Minister Grant Robertson has played down the implications, saying the work the Tax Working Group was involved in was “always supposed to be a two-stage process”.
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