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CPA Australia Urges Major Tax Reform for New Zealand

8/1/2025

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Summary

Story summary

CPA Australia is calling for a transformative shift in New Zealand's tax system to combat looming revenue shortfalls. With an ageing population and escalating costs, they advocate for a capital gains tax, land tax, and inflation-adjusted tax brackets, warning that a wealth tax might push investments overseas. The urgency for reform is palpable.

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Story summary

CPA Australia is calling for a transformative shift in New Zealand's tax system to combat looming revenue shortfalls. With an ageing population and escalating costs, they advocate for a capital gains tax, land tax, and inflation-adjusted tax brackets, warning that a wealth tax might push investments overseas. The urgency for reform is palpable.