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dc.contributor.authorCheng, Alvin
dc.contributor.authorYong, Sue
dc.date.accessioned2015-05-03T21:43:08Z
dc.date.available2015-05-03T21:43:08Z
dc.date.issued2013
dc.identifier.urihttps://hdl.handle.net/10652/2793
dc.description.abstractNew Zealand is an interesting country to study capital gains tax (CGT) as it is one of the few OECD countries at present that does not have a formalised capital gains tax. Despite international and political pressures to have a CGT over the last ten years, these attempts to introduce CGT were unsuccessful. The complexity of the tax and a strong public resistance regarding introducing a new and additional tax were the main reasons for not having a comprehensive CGT. Of late, the recommendations from the 2009 Tax Working Group and the 2013 OECD Committee had resurrected the debate to introduce CGT from the Labour and Green parties. The aim of this research is to examine the views of the tax experts’ regarding introducing CGT to New Zealand. The findings showed that tax experts overall did not support CGT for various reasons. They include incurring higher tax compliance costs; difficulty in interpretation the CGT legislation; and self-interest. The current tax regime requires tax experts’ advice in converting taxable incomes to capital gains in order to minimise taxes for their clients. The self interest factor has not been examined in prior studies and this study aims to address this gap.en_NZ
dc.language.isoenen_NZ
dc.publisherAuckland Region Accountingen_NZ
dc.subjectcapital gains tax (CGT)en_NZ
dc.subjectNew Zealanden_NZ
dc.subjecttaxationen_NZ
dc.titleNew Zealand and capital gains tax: A tax experts' perspectiveen_NZ
dc.typeConference Contribution - Oral Presentationen_NZ
dc.rights.holderThe Authorsen_NZ
dc.subject.marsden150107 Taxation Accountingen_NZ
dc.identifier.bibliographicCitationCheng, A., and Yong, S. (2013). New Zealand and capital gains tax: A tax experts' perspective. Paper presented at Auckland Region Accounting Conference, Auckland, New Zealand.en_NZ
unitec.institutionUnitec Institute of Technologyen_NZ
unitec.conference.titleAuckland Region Accounting Conferenceen_NZ
unitec.conference.orgUnitec Institute of Technologyen_NZ
unitec.conference.locationAuckland: New Zealanden_NZ
unitec.conference.sdate2013-11-29
unitec.conference.edate2013-11-29
unitec.peerreviewedyesen_NZ
unitec.identifier.roms55654en_NZ


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