The Conversation
International · 3 hrs ago
Why the tax NZ never wanted to talk about is back on the political agenda in 2026
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Why the tax NZ never wanted to talk about is back on the political agenda in 2026
Hagen Hopkins/Getty Images
New Zealand has long stood out among comparable economies not for what it taxes, but for what it doesn’t.
Perhaps nowhere is that more apparent than in its lack of a comprehensive capital gains tax: a measure used by counterparts including Australia, Canada, the United States and the United Kingdom.
In basic terms, this tax applies when an asset is sold for more than it was purchased for. The gain is treated as income and taxed accordingly.
While its absence has helped
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