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'It needs to be done': PwC expert backs ANZ's call for Capital Gains Tax

Author
Newstalk ZB,
Publish Date
Wed, 25 Sep 2024, 6:27pm
ANZ New Zealand. Photo / File
ANZ New Zealand. Photo / File

'It needs to be done': PwC expert backs ANZ's call for Capital Gains Tax

Author
Newstalk ZB,
Publish Date
Wed, 25 Sep 2024, 6:27pm

A PWC tax partner says discussions around a Capital Gains Tax will continue, as the country grapples with raising enough revenue.

ANZ head Antonia Watson has told RNZ the time has come for a Capital Gains Tax.

Sandy Lau says it'll likely be in the mix of options officials consider in long-term planning for New Zealand's tax system.

"I don't think having a Capital Gains Tax is going to be the silver bullet, so to speak, that will fix all the problems - but it may be one of the few things that needs to be done to make sure that the tax system continues to be successful in the future."

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