PHOTO: SUPPLIED Auckland University professor Craig Elliffe says not reducing capital gains tax to take inflation into account would be fair as well as “consistent”.
The Tax Working Group expects to hand over its final report to the Government later this month, a month earlier than first expected.
The report will contain a plan to extend the taxation of capital gains, and to hand back the money that would raise through cuts to other taxes.
Whether its recommendations are enacted will then be a matter for politicians and voters, with an ocean of water still to go under the bridge.
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