The rules on what counts as taxable income haven’t changed.
Articles on Capital gains tax
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Labour’s 2021 property tax changes were meant to lower the cost of housing. But without a proper capital gains tax it only hurt investors and renters, and made the tax system overall less coherent.
The National Party’s tax package may be a middle-income vote winner, but it avoids the core problem of tax-free wealth. And how much the new system would cost to operate is far from clear.
Forget wealth or capital gains taxes, a straight tax on housing equity – exempting most homeowners – would be a simple and efficient way to break the circuit of inequality.
New Zealand’s tax system might be in need of updating, but Revenue Minister David Parker’s new tax legislation is unnecessarily complicated at a time when we most need clarity.
New Zealand’s ‘one percent’ pay lower tax rates than ordinary earners – just don’t expect any big changes to tax policy in the near future.
The co-hosts of the ‘Taxes for the Masses’ podcast explain the upside and downside of all those credits and deductions.
Asked to choose the fairest ways to raise billions, half of the economists backed introducing inheritance taxes. Around a third chose winding back super tax concessions and increased resource taxes.
The wealthiest Australians are taxed differently from the rest of us, because they earn much of their money in a different way.
Australian landlords pay $1 billion less tax per year than the Tax Office believes they should, with almost all of the ‘errors’ in their favour.
The Australian government’s spending on its biggest tax concessions has jumped 24% in the past year.
More housing supply doesn’t mean lower prices. If policy-makers want to make homes more affordable, they must tackle developers who drive up prices and consider taxing capital gains on homes.
The NSW Coalition government has backed a Labor proposal rubbished by the federal Coalition at the last two elections.
President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.
We’ve plenty of homes. Rents have barely moved for half a decade
Without making housing supply the priority, the government’s tax-based policies create more objectives than they can reasonably achieve.
In politics, what lifts you up can drag you down. To avoid that, Jacinda Ardern’s Labour government will have to examine its political soul.
Both major parties refuse to grasp the nettle of New Zealand’s narrow and inherently unfair tax base.
In some quarters, the median Sydney home earns more from capital gains than the median worker earns from wages. Now’s a good time to wind back the measures that push prices up.
It would be a mistake to think that just because higher earners face higher tax rates, that’s what they pay. When it comes to income from savings it’s the other way around.
Top contributors
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Adjunct Professor, Curtin Law School and Curtin Business School, Curtin University
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Professorial Fellow, University of Canberra
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professor of Taxation and Commercial Law, Te Herenga Waka — Victoria University of Wellington
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Associate Professor of Taxation Law, UNSW
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Professor of Urban Policy and Director, Urban Futures Enabling Impact Platform, RMIT University
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Chief executive officer, Grattan Institute
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Professiorial Fellow, The University of Melbourne
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Program Director, Housing and Economic Security, Grattan Institute
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Research Fellow - Henry Halloran Trust, University of Sydney
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Professor, School of Taxation and Business Law, UNSW
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Vice-Chancellor’s Fellow, University of Tasmania
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Lecturer in Sustainability and Urban Planning, RMIT University
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Emeritus Professor of Finance, The University of Melbourne