Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

A Capital Gains Tax for New Zealand A Comparative Study of the UK and Australian Models

A Capital Gains Tax for New Zealand A Comparative Study of the UK and Australian Models This paper discusses the designing of a capital gains tax for New Zealand. The essential question is not why such a system is needed but what type of system should be implemented. The paper ignores the political discussion of whether such a tax is necessary and concentrates on design and implementation issues. Drawing from other tax jurisdictions, chiefly the United Kingdom and Australia, this article discusses the merits of tapering relief indexation now frozen in Australia specific exemptions e.g. owner occupied property and of redefining capital assets into discrete categories which may be treated differently. The aim of the study is to open up the issue of capital gains for informed discussion how such a tax should be administered, and the possibilities and likely difficulties involved in implementing such a tax. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Review of Accounting Emerald Publishing

A Capital Gains Tax for New Zealand A Comparative Study of the UK and Australian Models

Loading next page...
 
/lp/emerald-publishing/a-capital-gains-tax-for-new-zealand-a-comparative-study-of-the-uk-and-4reY6N0PVx

References (1)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1321-7348
DOI
10.1108/eb060728
Publisher site
See Article on Publisher Site

Abstract

This paper discusses the designing of a capital gains tax for New Zealand. The essential question is not why such a system is needed but what type of system should be implemented. The paper ignores the political discussion of whether such a tax is necessary and concentrates on design and implementation issues. Drawing from other tax jurisdictions, chiefly the United Kingdom and Australia, this article discusses the merits of tapering relief indexation now frozen in Australia specific exemptions e.g. owner occupied property and of redefining capital assets into discrete categories which may be treated differently. The aim of the study is to open up the issue of capital gains for informed discussion how such a tax should be administered, and the possibilities and likely difficulties involved in implementing such a tax.

Journal

Asian Review of AccountingEmerald Publishing

Published: Feb 1, 2000

There are no references for this article.