Capital tax on hold
PA Wellington A capital gains tax has been put on hold until the Government fully investigates the tax’s ramifications and problems experienced overseas. The Minister of Finance, Mr Caygill, said last evening a capital gains tax could improve the equitability of the tax reform, but it was important to avoid the difficulties other countries experienced when introducing such a He said the Government intended to make public a document outlining capital. gains tax issues later this year.
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Press, 28 July 1989, Page 4
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81Capital tax on hold Press, 28 July 1989, Page 4
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