NZ Businesses Divided on Capital Gains Tax
New Zealand businesses are almost evenly split on the idea of introducing a capital gains tax to address the country's long-term fiscal challenges. According to a survey conducted by Deloitte and Chapman Tripp for Business New Zealand, 46 percent of businesses surveyed support the idea, while 45.7 percent do not.
The survey, which canvassed the views of hundreds of businesses across the country, found that just under 62 percent want no change to personal income tax, while just over 57 percent want no cuts to corporate tax. Around 65 percent oppose a wealth tax.
Business New Zealand chief executive Katherine Rich said the survey shows businesses are looking for stability and growth, citing confidence in the economy, certainty on tax settings, and follow-through on infrastructure plans as key priorities.