Capital gains tax abandoned by Government
While the idea of CGT was only a recommendation from the Tax Working Group, it managed to gain enough steam to have almost everyone talking about it.
Both sides had valid points, but the wide range ramifications would've been detrimental to so many e.g. for those who have signed up for KiwiSaver.
This decision is a win for every New Zealander especially the poor, as they would've been the unfortunate ones that could least afford this suggested tax system.
Unfortunately, the businesses and the rich have 'escaped' yet another stake at them having to pay more taxes.
Another look at their tax rates will have to be investigated and what they are actually claiming for in their tax forms.
With the new ways that the IRD is introducing, it will be interesting to see what happens there.
www.stuff.co.nz...
Happy Tuesday neighbours, here's a riddle to get your mind going.
I am beautiful, up in the sky.
I am magical, yet I cannot fly.
To some I bring luck, and to some, I bring riches.
The boy at my end does whatever he wishes.
What am I?
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Five winners this week...
Congratulations to these winners of our $100 Warehouse vouchers:
Damon Facoory from Whanganui
Rachelle Reihana from Frankton
Sonia Columb from Aranui
Elise Volwieler from Motueka
Vera Zheng from Te Atatu
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